}

Saturday, June 6, 2015

"THE TICKER" EDITOR SAYS "NO" TO MISS FORTUNE: 'Eyes Only Media' Rejects Proposed Ad With Link To March 3 "Substantial Unauthorized Transfer Of Funds" Grand Traverse Academy Embezzlement Exposé; What's So Controversial About The Truth?

FUNNY--WHEN I WORKED IN THE MAGAZINE BUSINESS IN NEW YORK CITY, THE PUBLISHER MADE THE FINAL AD DECISION...NOT THE EDITOR!
 
What's so controversial about the truth?

Not the "truth as I see it", but the sworn testimony of an attorney made during Steven Ingersoll's recent federal fraud trial.

In an effort to reach the nearly 32,000 daily readers of "The Ticker" (most of whom are blissfully unaware of the looting of the Grand Traverse Academy), your girl Miss Fortune contacted a sales representative and discussed the proposed buy: an ad that would link to a story on my blog.

But not just any story: a blockbuster story I wrote on March 3 after witnessing the testimony of Grand Rapids attorney Margaret Hackett.

Hackett testified that Steven Ingersoll, the former head of Smart Schools Management (the Grand Traverse Academy's longtime management company), was aware in May 2013 of an ongoing federal tax investigation when he told the Grand Traverse Academy board he could not afford to repay his $3.5 million dollar Academy debt...and the income taxes he owed.
 

Hackett testified on March 3 that during a May 20, 2013 Academy board meeting, Ingersoll asked the board to characterize his $3.5 million dollar indebtedness to the charter school as a “loan”.

For years, the Grand Traverse Academy had carried Ingersoll’s growing debt on its books, characterizing it variously as either a receivable, a related party receivable or a prepaid expense. 

Under cross examination by Martin Crandall, Steven Ingersoll’s criminal defense attorney, Hackett said among those attending the May 20, 2013 were its former board president Mark Noss, former Superintendent Kaye Mentley and its auditor, CPA Tony Henning.

Crandall asked Hackett the reason for the May 20, 2013 meeting, and Hackett stated that Mark Noss had asked for the meeting (which lasted about two hours) on behalf of Steven Ingersoll since Ingersoll indicated that he “wanted to explain his view of his indebtedness” to the Grand Traverse Academy. 

Hackett explained the structure of Smart Schools Management, Inc. (owned and operated by Steven Ingersoll) and its 2013 business relationship as the Grand Traverse Academy’s “contracted management company.” 

When asked by the government if the Grand Traverse Academy, as a public school academy, was even allowed to make a loan, Hackett said no.

Saying that the Grand Traverse Academy had “no legal authority” to loan money to Steven Ingersoll, Hackett explained that Michigan law prohibits a public body, like the appointed board of a charter school, from making any loans.
 

Hackett met with Noss and Mentley separately for approximately an hour after Ingersoll left.

Just days ago, The Ticker (which describes itself as "a multimedia news and events service serving the Traverse City, Michigan area" and boasts that it delivers "a free daily news email to more than 32,000 subscribers"), featured a story about Michigan's public school funding and it's impact on Traverse City Area Public Schools (TCAPS).

Quoting TCAPS Superintendent Paul Soma, who called the state’s education budget “insincere and disingenuous”, while allowing that while TCAPS would “have a balanced budget next year...we’re squeezing the rock to do that.” 

An additional $3.5 million dollars might have added some juice to that rock.

After a discussion with a personable sales rep, I sent a link to the story my proposed ad would link to and waited for a response.

It didn't take long. 

In an email, the rep stated she'd “checked with our editor and unfortunately he said we can not post it. Sorry for the confusion.”

Except I'm not confused.

So will someone please explain to me why this self-proclaimed purveyor of "up-to-the-minute Traverse City news" wouldn't want the greater community it serves to know the truth...the whole truth?

I'm listening...





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