CLARKSTON (AP) — Prosecutors are recommending an 11-year prison sentence for a man who embezzled nearly $19 million from a credit union in suburban Detroit.
Michael LaJoice was expected to appear in federal court Tuesday, but the hearing was postponed until March 23.
LaJoice was chief financial officer at Clarkston Brandon Community Credit Union. He stole from the credit union over a dozen years, buying a luxurious home, fancy cars and commercial
properties, and traveling by private jet. A Cadillac Escalade cost $95,000.
Assistant U.S. Attorney John Neal says it “reflects a level of greed that is difficult to fathom.” The credit union had to be taken over by Michigan State University Credit Union.
LaJoice is asking for a five-year prison sentence. Defense lawyer Michael Manley says LaJoice has been “humbled and destroyed.”
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