Federal prosecutors detailed in court documents how LaJoice embezzled more than $16.1 million from Clarkston Brandon Community by conducting ACH withdrawals from the credit union to his personal accounts held at PayPal, Capital One Bank, TD Ameritrade and American Express.

He set up ACH withdrawals to debit funds from the credit union's investment general ledger, which he was responsible for balancing. When the electronic transfer debited the credit union's general ledger investment account, the funds were deposited in his personal accounts.

After the funds were deposited, LaJoice cleared the credit union's ledger to delete the corresponding transaction and wire transferred the funds from his personal accounts to other accounts, including his business account at Comerica Bank.

The checks, typically deposited via ATMs, were made payable to the respective institutions and in the names of fake individuals, according to court documents.

LaJoice also siphoned more than $2.5 million by issuing cashier's checks from various credit union accounts without authorization. These checks were deposited in LaJoice bank accounts at Capital One Bank, Comerica Bank, Scottrade and at the $2.1 billion Genisys Credit Union in Auburn Hills, Mich.

What's more, LaJoice concealed his fraud by creating fictitious investments in certificates of deposits and bonds at the $2.7 billion Total Bank in Miami.

These fictitious investments were provided to auditors and state examiners to show that the credit union's books were balanced and to avoid detection of the missing funds.