Yacht Broker and convicted con man Mike Vorce has filed a federal lawsuit against Lake Michigan Credit Union for allowing him to take out millions in loans on boats that didn’t exist or which he already had financing on.
Vorce is about half way done serving a 10-year sentence in federal prison for his $27 million scam.
Christian Frank sat down with local attorney and Cooley Law professor Curt Benson for some insight on the possible merits of the case.