As President of the Grand Traverse Academy Board of Directors, Flint area optometrist Bradley Habermehl took an oath of office, assuming a fiduciary responsibility for the finances of the public school academy.
And as the Board’s de facto spokesperson, Habermehl was the public face of the Traverse City charter school during the months-long Steven Ingersoll fraud scandal.
However, this morning the government entered into evidence a series of shocking emails between Ingersoll, Habermehl and a business associate of Habermehl's (beginning in November 2014, and continuing well after Ingersoll's federal fraud conviction) that revealed Habermehl solicited a $300,000 investment “loan” from his associate for what Habermehl described as a potential “private school” project on behalf of his “friend and colleague” Steven Ingersoll — with Habermehl only later admitting to his associate that he was also one of the prospective project's five partners.
Further testimony revealed that Ingersoll put up his Bay City B&B, the Webster House, as collateral for the proposed $300,000 loan. One email written by Ingersoll to Habermehl revealed that Ingersoll claimed the property was “recently valued at $1.1mm, will be pledged as collateral in the event of a default.”
However, further testimony revealed that Ingersoll's presentence report asset list valued the same property at well under $200,000.
Will he resign from the Grand Traverse Academy Board of Directors? One board member already questioning legal fees for Habermehl's October testimony; wait until the next bill drops!
So...who are the other two?