Business owner faces federal charges in embezzlement case - WNEM TV 5

Business owner faces federal charges in embezzlement case

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DETROIT (WNEM) -

A local business owner who admitted to embezzling $20 million from a credit union is now facing federal charges of bank fraud.

Michael LaJoice, 36, has been behind bars since turning himself in back in January for embezzling the money from Clarkston Brandon Community Credit Union.

One count of felony bank fraud was also filed against LaJoice this week stemming from his alleged scheme to embezzle the money.

LaJoice will be back in court on Monday.

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