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bank fraud

mug shot of michael lajoice
Oakland County Sheriff's Office

A former Oakland County credit union executive who embezzled millions of dollars will be sentenced in federal court Thursday.

Prosecutors say Michael LaJoice paid for a “luxurious home and expensive vehicles” by embezzling from Clarkston Brandon Credit Union, where he was the CFO. He allegedly skimmed more than $18 million over 12 years. LaJoice used the money to run a Latin dance studio in Fenton, among other things.

The Michigan Department of Education has called it the most serious federal criminal case involving a Michigan charter school since the state gave the green light to charter schools in 1994.

Traverse City optometrist Steven Ingersoll will go on trial tomorrow on seven criminal charges of bank fraud and tax evasion.

Education reporter Chastity Pratt Dawsey wrote an article for Bridge Magazine that explored the charges.