Fraud Alerts and Scams
Lake Michigan Credit Union allegedly scammed out of $4.7 million dollars by Michael Vorce
As if the financial crisis which has shut down financial giants Lehman Brothers and IndyMac isn’t enough, now the Lake Michigan Credit Union is having problems due to fraud.
Michael Vorce was indicted as the man who took several West Michigan financial institutions “for a ride.” According to allegations, he used a fake identity and fake collateral to bargain for loans.


