Embezzlement case at suburban credit union moving ahead - WNEM TV 5

Embezzlement case at suburban credit union moving ahead

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(Source: Oakland County) (Source: Oakland County)

CLARKSTON, Mich. (AP) - A former credit union official accused of embezzling millions of dollars in suburban Detroit has waived a key hearing, moving his case to trial court.

Michael LaJoice was chief financial officer at Clarkston Brandon Community Credit Union. The Oakland County sheriff's office says he stepped forward in January and said he stole $20 million over 12 years.

The Detroit Free Press (http://on.freep.com/1Rj3fuH ) says LaJoice waived a hearing Tuesday that would have required prosecutors to show some evidence against him. He's been found competent to understand the charges and assist his lawyer.

LaJoice owned a dance studio in Fenton and put millions of dollars into his home. His lifestyle didn't appear to match his $65,000-a-year salary. He's being held in the Oakland County jail on $1 million bond.

Information from: Detroit Free Press, http://www.freep.com

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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