DETROIT, MI – An ex-dance studio owner who pleaded guilty to stealing nearly $19 million from an Oakland County credit union has been sentenced to spend the next 11 years in federal prison.
An orange Livingston County jail jumpsuit hung loosely from Michael LaJoice’s frame as he appeared in Detroit U.S. District Court before Judge Gershwin A. Drain on Thursday, March 23.
“I’m not proud of what I’ve done,” the ex-CFO told the judge through tears. “I used to think money could buy happiness – it doesn’t. This is a huge amount of stress lifted off my shoulders. I don’t have to live a lie anymore.”
Calling the embezzlement “one of the biggest fraud cases the Eastern District court has ever seen,” Drain sentenced …
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