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

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

FENTON, Mich.–Michael LaJoice, the former CU CFO who allegedly stole more than $20 million, has been found competent to stand trial. A psychologist with the state of Michigan’s Center for Forensic Psychiatry said LaJoice, the former CFO at Clarkston Brandon Community Credit Union, is fit to go to trial in February of 2017.

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,

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Nita Rae Nirschl, the former president/CEO of the .3 million parsons pittsburg Credit Union, pleaded guilty to embezzling at least $5 million in U.S. District Court in Wichita, Kan. on Monday.

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Ex-CFO accused of embezzling $20M from credit union. Investigators say Michael LaJoice took money over 12-year period from Oakland credit union.

Walked right into sheriff’s office and spilled his guts. 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 confessed to embezzling $20 million from the credit union over the last 12 years.

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She said: “We’ve been living the American dream in reverse. a young union member struggling to make ends meet. He said: “Working the best job I’ve ever had in my whole life, I’m still a breath away.

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According to Michigan Attorney General Bill Schuette, the total amount of money stolen from the Credit Union was $2,303,158.66. For that reason, claims A.G. Shuette, the Credit Union was forced into insolvency and therefore had to close in May 2016. In press release, Schuette explained why he was so upset by the allegations.

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