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.

CaterPillar and Lehman Brothers getting smashed - Dow Jones below 11,000 very soon….

While America looks to the election, watch out for the Dow Jones and Wall Street. Things are going to come down awfully quick. It’s looking awfully ugly out there.

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