Former executive faces sentencing for embezzling millions from credit union
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.
TV commercials for the studio—the Chasse Ballroom—were a fixture on Flint area television stations. The ads often included the tag line: “Remember life is too short not to dance.”
His defense attorney says LaJoice's life has been “destroyed." He is asking the federal judge for a five-year sentence.
Prosecutors want a much longer sentence. They are asking the judge to put LaJoice behind bars for 11 years.