Mike Vorce West Michigans National Marine

[boatme]

I actualy worked for this guy for 5 months

He is finaly going away I hope


West Michigan boat broker Michael Vorce indicted on bank fraud by federal grand jury
by Chris Knape | The Grand Rapids Press
Thursday November 06, 2008, 2:27 PM
Michael Vorce
GRAND RAPIDS -- West Michigan boat broker Michael Vorce was indicted by a federal grand jury this afternoon on 15 counts ranging from bank fraud to using a false identity to open bank accounts.
The 24-page indictment alleges Vorce fraudulently obtained more than $27 million from 10 lenders, most in the Grand Rapids area.
The indictment marks the first time Vorce, 32, has faced criminal charges related to loans taken out at the banks using bogus collateral and fraudulent title work.
RELATED RESOURCE
Read the indictment against Michael Vorce
The alleged fraud touched many West Michigan financial institutions.
The largest loans were $9.2 million by Holland-based Macatawa Bank, $8.6 million by the Grandville branch of Irwin Union Financial and $4.7 million by Lake Michigan Credit Union, based in Grand Rapids.
Vorce has been locked in a Milwaukee jail since late August when he and friend James Jett, a Byron Township resident, were arrested near Chicago. They are charged with attempting to defraud a bank and stealing the identity of a Milwaukee-area attorney as part of another apparent boat loan scheme.
A Press investigation in 2007 found a trail of paperwork showing how Vorce used bogus paperwork to secure titles for boats he didn't own or that did not exist. He used those titles as collateral to borrow millions of dollars from banks.
Vorce apologized to the banks which had seized and auctioned his assets. Many sued him in civil court, but he was not charged criminally in West Michigan until today. He was living in a gated mansion in Alpine Township until his Chicago arrest.
The arrest occurred despite Vorce's apparent cooperation with law enforcement in the West Michigan case. Court records in Milwaukee indicate the case that led to his arrest was part of a larger, multi-state fraud case.
That arrest occurred despite Vorce knowing he was being watched by law enforcement officers in West Michigan as their investigation into his loan activity here dragged on.

Click here to see indictment

http://blog.mlive.com/grpress/news_impact/2008/11/Vorceindict.pdf

 

[Wrinkleface]

I know Rick is REAL happy w/ him!!!!!!!

 

[inbetween]

What's wrong with people? Do they think they can get away with this crap?

 

[J-Bonz]

WOW, I remember hearing about that in Milwaukee a few months ago..........

 

[Twin27Advantage]

Marc, you ready to have a party? Its about time huh? This should provide us some good chat :sifone: Maybe his girlfriend will finally realize he did do it again.

The great thing about two cases in different states is a plea won't be as easy since they both wan't him. Get ready Mikey your gonna need to scam some stock in K Y jelly :ack2:


Ha Ha:leaving: :rofl:

 

[boatme]

Todd,

This will be one court drama i for one will go watch (at least part of it )

we should get a bus together and load up all the locals he screwed and go to his prelim hearing

Having him turn around and see all the faces of former friends and bussiness associates that he put the hurt on would be priceless

Yea its not over they haven even started the indightments on the milwaukee stuff yet

 

[boatme]

I know Rick is REAL happy w/ him!!!!!!!

Tracy,

Rick who???? You talking about Rick D ???

 

[boatme]

I have this guy on Google alerts

Everytime his name pops up on the internet it alerts me

Man oh man how would you like somone to google your name and watch the screen light up with "fraud,thief,identity theft,scammer" You watch even if he goes to prison the day he gets out he will do it again He cant help himself

 

[boatme]

Todd,

Did you read the indictments? he got a $200,000 loan on a non existant boat one morning and that day spent over $20,000 on cloths at a local mens shop
This guy is a real idiot They just tracked his checking accout. Proves what a dipstick he is

 

[Buckman_4]

Seems West Michigan has two of thease, google the torco guy oncew and you get a little different story but its along the same lines
Ed

 

[SkaterGirl]

Such BS how many people were affected by this. One of my friends worked for James Jett at his salon downtown GR. When the incident in WI happened the employees were given about an hour to get out of the salon with their belongings in hand - no last paychecks or anything. It really set all of those employees up for a hard loss!

 

[Twin27Advantage]

Marc, should be interesting to see what gets pulled from his parents in the forfeiture. His girlfriend who likely still stands in his corner will probably lose some stuff to. Remember when she defended him to the press saying " he would'nt do this to us again" :rofl:

The 20k worth of clothes shows how much of a :ack2: douche he is. That was count 13 of the indictment.


Cant remember if your link worked or not but here is the pdf. of the indictment:
http://woodtv.triton.net/news/michaelvorceindictment/document.pdf

 

[Wrinkleface]

Tracy,

Rick who???? You talking about Rick D ???

yup

 

[boatme]

Latest Update


Michael Vorce will return to Michigan to face fraud charges
by Nate Reens | The Grand Rapids Press
Wednesday December 17, 2008, 10:45 PM

Michael Vorce

James JettMILWAUKEE — A fan of yachts, Michael Vorce and his associate, James Jett, apparently also saw value in pure gold.

Federal prosecutors in Wisconsin allege the West Michigan friends bought and sold the metal to launder about $3.5 million in cash they fraudulently obtained while applying for loans tied to purported boat purchases.

In a criminal information filed Wednesday against Jett, authorities accuse the 30-year-old Byron Township man of participating in a scheme with Vorce to steal the identity of people "likely to qualify for large loans and to engage in large financial transactions."

Authorities filed the information, which typically leads to a guilty plea without an indictment, against Jett on the same day they dismissed pending criminal allegations against Vorce, 32.

Vorce, upon a judge's approval, will return to Michigan to face charges here that allege he swindled up to $27 million from 15 banks between 2002 and 2007. The Milwaukee-based accusations against Vorce can be refiled at a later date, prosecutors said.




Court documents offer a glimpse of the web of fraud allegedly spun by Vorce, even as the Alpine Township man was under investigation locally and his possessions were auctioned off to repay millions lost by banks in bad loans to him.

Prosecutors say Jett, who will remain jailed in Wisconsin, and Vorce used an online service to obtain credit files and then open bank accounts in victims' names. The pair also purchased cell phones and set up e-mail addresses in those names so they could communicate with lenders, records show.

Records allege the suspects then applied for nearly $5 million in loans for yacht purchases using the various victims as both the buyer and the seller.

One of the alleged bad loans was for $391,450 in the name of Michael Berzowski, a Milwaukee lawyer. Jett and Vorce were arrested in August outside a Chicago bank where they allegedly arranged to pick up loan documents from Bank of the West.

"(They) typically used the loan proceeds to buy gold. They typically sold the gold immediately upon obtaining it," court records show. "The purpose of the gold transactions was to conceal (Vorce) and Jett's ownership and control of the loan proceeds."

Among the banks the men allegedly duped was Wachovia Bank, which agreed to loan the suspects $885,000 about the same time the institution was obtaining a judgment against Vorce for an unpaid loan for $294,000.

Authorities in both Wisconsin and Michigan have described the cases as incredibly complex.

It took local prosecutors nearly two years to unravel 80 loans Vorce allegedly illegally obtained. He faces 10 counts of financial institution fraud, three charges of money laundering, one count of wire fraud and one count of aggravated identity theft here.

Jett has not been implicated in the local allegations, but Vorce was trying to sell Jett his Alpine Township house when Bank of America foreclosed on the residence.

 

[boatme]

The dipstick is famous LOL


Grand Rapids Press Names

West Michigan's top newsmaker for 2008


“The winner of the house might find a boat via the auction block, too. Michael Vorce made headlines for the second year in a row for alleged fraudulent titles on boats. In 2007, Vorce was arrested for securing millions of dollars in loans on high-end yachts that didn't exist or he did not own. The feds were still investigating that case when he was arrested again this past August for another boat loan that didn't float.”

 

[Ratickle]

The dipstick is famous LOL


Grand Rapids Press Names

West Michigan's top newsmaker for 2008


“The winner of the house might find a boat via the auction block, too. Michael Vorce made headlines for the second year in a row for alleged fraudulent titles on boats. In 2007, Vorce was arrested for securing millions of dollars in loans on high-end yachts that didn't exist or he did not own. The feds were still investigating that case when he was arrested again this past August for another boat loan that didn't float.”

He'll probably teach classes on this crap in jail.

 

[BGIII]

http://www.mlive.com/news/grand-rapids/index.ssf/2009/05/michael_vorce_charged_with_fai.html

 

[Ratickle]

Thanks Bill. At least they keep stacking up against him......

 

[MarylandMark]

What's wrong with people? Do they think they can get away with this crap?

Most of the time it seems like they do... Which sucks!

 

[BGIII]

http://www.mlive.com/news/grand-rapids/index.ssf/2009/06/michael_vorce_to_plead_guilty.html

Michael Vorce to plead guilty to combined Michigan, Wisconsin fraud charges, attorney says
by The Grand Rapids Press
Tuesday June 02, 2009, 4:10 AM
GRAND RAPIDS -- Michael Vorce, who faces fraud charges in two states in a scheme to buy yachts and gold, has indicated he will plead guilty and avoid trial.


Michael VorceAccording to wire and broadcast reports, Vorce's lawyer said his client intends to plead guilty to criminal charges in West Michigan and Wisconsin instead of going to trial.

Vorce, 32, of Grand Rapids, and an accomplice, Byron Township resident James Jett, are accused of lying to banks in Michigan and Wisconsin to get millions in loans, including $9.2 million from Holland-based Macatawa Bank.

The scheme also involves allegations of identity theft. Assistant U.S. Attorney Tim VerHey recently added a tax charge against Vorce.

U.S. District Judge Robert Holmes Bell has set the next court hearing for June 23 in Grand Rapids.

On March 18, VerHey signaled a guilty plea was possible when he asked the court to adjourn a hearing for Vorce.

"The government and the defendant have agreed that these charges will be resolved by a guilty plea," VerHey wrote.