GRAND RAPIDS, Mich. (WOOD) - A federal judge has thrown out a lawsuit filed by a man who defrauded banks and credit unions out of $24 million.
Michael Vorce tried to sue Lake Michigan Credit Union, claiming the suit was on behalf of members who suffered as a result of his nearly $5 million in fraudulent loans from that credit union alone.
A federal judge dismissed the lawsuit, saying it was frivolous and lacked standing.
Vorce was sentenced in October 2012 to 12 years in federal prison for fraud, money laundering and income tax evasion. He was charged with bank fraud in 2008 because of a scheme that used false information to get bank loans to buy nonexistent yachts. He instead used the money to buy and sell gold.
Vorce's case was featured on the season premiere of "American Greed" on CNBC on Thursday night.
The wolf season started on Nov. 15 and runs through December.
Joshua Hoppe, 30, from Zeeland was a teacher with Hamilton Community Schools.
Nobody was injured and no personal belongings were stolen.