Michigan credit union ex-CFO shockingly confesses to embezzling $20 million

Just days after the former chief financial officer of a Michigan credit union walked into the local sheriff’s office and confessed to embezzling $20 million from his former employer, the credit union.

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CLARKSTON (WWJ) – An Oakland County credit union executive will be sentenced Thursday for embezzling nearly $20 million, but he’s asking for mercy because his life is "ruined.". Micheal LaJoice pleaded guilty in federal court to charges of bank fraud in exchange for a reduced sentence of 10 to 12-and-a-half years in prison.

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Just days after the former chief financial officer of a Michigan credit union walked into the local sheriff’s office and confessed to embezzling $20 million from his former employer, the credit union.

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Michigan credit union ex-CFO shockingly confesses to embezzling $20 million In a development seemingly out of nowhere, the former chief financial officer of a Michigan credit union and a man described as a "community hero," walked into the oakland county sheriff’s Office last week and.

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In a development seemingly out of nowhere, the former chief financial officer of a Michigan credit union and a man described as a “community hero,” walked into the Oakland County sheriff’s office last.

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The former credit union CFO who is a suspect in an embezzlement of as much as $20 million will undergo a mental competency hearing at Michigan’s Center for Forensic Psychiatry. Michael A. LaJoice, 36, the former CFO at Clarkston Brandon Community Credit Union, is currently facing 14 counts of embezzlement totaling more than $100,000 between.

Just days after the former chief financial officer of a Michigan credit union walked into the local sheriff’s office and confessed to embezzling $20 million from his former employer, the credit union has been placed into conservatorship by the Michigan Department of Insurance and Financial Services.

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Michael LaJoice, of Fenton, turned himself in at the Oakland County Sheriff’s Office earlier this week. CLARKSTON, MI – The chief financial officer of an Independence Township credit union is charged with multiple felonies after admitting he embezzled more than $20 million over 12 years, authorities said. Michael LaJoice, 35, of Fenton,