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

An attorney says he will seek a competency exam for his client, a Tyrone Township resident and former Oakland County credit union leader whom officers say confessed to embezzling million.

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Clarkston Brandon Community Credit Union investigating how CFO was able to embezzle $20 million over 12 years without being detected. LaJoice, 35, of Fenton, turned himself to authorities at the Oakland County Sheriff’s Office headquarters in Pontiac on Jan. 6 and admitted the thefts from the Clarkston Brandon Community Credit Union, where he has been the CFO since 2003. He has been charged with 14 counts of embezzlement.

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The former Chief Financial Officer of a Clarkston credit union pleaded guilty Thursday to embezzling more than $18 million from his employer, U.S. Attorney Barbara McQuade announced.

and 13 counts of embezzlement $100,000 or more in 52-2 District Court in Clarkston. On Wednesday, the Tyrone Township man walked into the Sheriff’s Office headquarters in Pontiac and told investigators that he embezzled about $20 million during a 12-year period at the credit union in Independence Township, where he had been CFO since 2003.

Man who confessed to embezzling $20 million from a credit union working on resolution in case. It could not recover from the losses and merged with the Michigan State University Credit Union to.

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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Detroit – A Clarkston credit union executive accused of embezzling about $18.5 million pleaded guilty in Detroit federal court Thursday in exchange for a prison sentence of no more than 12 and a.

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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.