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Former Credit Union CFO Slammed With 11-year Sentence

After stealing $18M from his CU to live a lavish lifestyle, a former CFO gets an 11-year prison sentence.

By Peter Strozniak | Updated on March 23, 2017

For eight years, Michael LaJoice lived the lifestyle of the rich and famous supported by the $18 million he stole from his own credit union. He drove a $95,000 Cadillac Escalade, flew in a private jet and lived in a 5,800-square-foot multimillion-dollar custom-built home that included a nine-seat-movie theater.

LaJoice, 38, of Tyrone Township, Mich., will have a lot of time to think about how his greed ruined his life, devastated his wife, their three young children and merged the $68.5 million Clarkston Brandon Community Credit Union out of existence, including some of its jobs.

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Peter Strozniak

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