GRAND RAPIDS, Mich. – Mike Vorce, who’s serving 10 years in federal prison for stealing more than $27 million, will be featured on Thursday’s episode of “American Greed.”
Vorce defrauded banks by convincing them to give him loans for boats that didn’t exist or that he already received financing on.
He then spent the money on expensive cars, race boats, and luxury homes in both Walker and South Beach, Miami.
Vorce recently filed a lawsuit against Lake Michigan Credit Union, one of the banks he defrauded, claiming it was their fault for believing him.
“American Greed” airs Thursday, February 21, at 10:00 p.m. on CNBC.