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Monday, September 22, 2014

PROMISES, PROMISES: Did The Philanthropist (or the Thief) Break A "Promise To Pay"?; Ingersoll Doesn't Pay Taxes, But Transfers Property To Defendant In Bay City Academy Asbestos Case Just Days After Arraignment

The controversial $1.6 million “prepaid” is in actuality the remainder of nearly $5 million of earnings that SSM promised to pay to GTA according to its needs.

Excerpted from
"History of Grand Traverse Academy"
  

Miss Fortune has discovered that a "promise to pay" the Grand Traverse Academy may not be the only payment promise Steven Ingersoll has broken.




A review of Bay City property records shows that Smart Schools' macher Steven Ingersoll owes a massive amount to Bay City for the 27 properties listed above: $176,670.88. 

The total includes the "Summer 2014" taxes due from Ingersoll before the end of this year, although records reveal he has not paid Bay City any property taxes since late January 2012.

Property taxes become delinquent as of March 1st for taxes that remain outstanding from the prior year. For example, property taxes that were due in 2008 and payable to Bay City became delinquent on March 1, 2009. The portion of Ingersoll's total taxes that have been deemed "delinquent" are shown in a separate column.

The properties are owned by Ingersoll, and businesses controlled by him, under such names as Arts District LLC, Sanford Green House LLC, Banks Front Door LLC, and the Webster House of Bay City LLC.

Among the buildings with outstanding amounts due are:

-1514 Center Avenue: Ingersoll owes a $19,115.55 tax debt for the home where he lives with his wife, federal fraud co-defendant Deborah

-400 N. Madison Avenue: Bay City Academy's 'Madison Arts' campus building shows a tax debt of $19,675.99

-900 Fifth Street: Webster House Bed & Breakfast, where Bay City Academy Superintendent Brian Lynch (more commonly known as "son-in-law-of Mark-Noss") bunks when he's in town, shows a $17,857.41 tax debt.

With rooms at the Webster House going for as much as $290.00 a night, you'd think Ingersoll could find the scratch to pay his taxes.

HERE'S WHERE IT GETS REALLY INTERESTING: THE GONIF AND THE SCHNORRER

On September 26, 2013, Steve Ingersoll signed a quit claim deed for 241 N. Farragut, deeding the "rights and interest" in the property to one Gerald A. Essex.

Quit claim deeds are legal proof of ownership when properly executed in accordance with state laws. However, quit claim deeds are sometimes used in fraudulent transfers of real estate, such as a person transferring property to a relative (or a "known associate") to avoid a lien from a creditor.

Oh, wait, Miss Fortune...Gerald Essex-that name sounds so familiar!

You are correct—Essex was the crew foreman of Roy C. Bradley Sr.’s restoration company, Lasting Impressions, in April 2010, when Steven Ingersoll purchased the former church at 400 N. Madison Avenue with the intention of converting it into a school building for Bay City Academy.

Ingersoll hired Bradley to do the renovation.

Gerald Essex was arraigned September 16, 2013 on four counts of illegally distributing and handling asbestos, a felony punishable by up to five years in prison and a $250,000 fine. 

Essex and Bradley are currently scheduled to go to trial beginning September 30 on the asbestos charges.

Roy C. Bradley, Sr. is a one of five co-defendants in Ingersoll's federal fraud trial, scheduled to begin on December 2.

And the score? I think the thief takes this round from the philanthropist.  

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