}

Saturday, April 30, 2016

ROBBIN' HOODS: Racketeering, Money Laundering, Tax Evasion Revelations To Come?


“Notably, Ingersoll reported to the court that his income from SSM and SSB combined was only $39,820. 

However, between April 8 and December 16, 2014, a time span of only three-quarters of that year, Noss/FSM made deposits totaling $363,681.73 into Ingersoll’s SSB and SSM accounts. 

More recently, Ingersoll has falsely claimed that “the actual payments that Dr. Ingersoll received from Mark Noss were disclosed on the Income Statement as Schedule C income from SSB and SSI. 

Ignoring for now the fact that none of the deposits listed on Government exhibit went to an account for SSI, the total Schedule C income that Ingersoll reported from SSI and SSB combined was only $256,070, which is $107,611.73 less than Ingersoll’s known income from FSM alone, for 2014.”

9 comments:

  1. Why would Noss think he could get away with paying this amount of money to Ingersoll?" Why would he be taking the risk of getting caught unless he is trying to cover his tracks on a larger fraud? Could there be some extortion here?

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    1. At this point, anything is possible. Another fascinating inquiry would be to determine how Noss accounted for these transactions in relation to his own tax liability. How were these payments characterized for accounting purposes, and what was the impact on reducing Noss/Full Spectrum's gross income.

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  2. I think that the accountants for Noss's business entities would have a lot of information on that. Gretchen Ingersoll takes care of Ingersoll's. Hasn't Noss had at least 8 accountants. It definitely makes you wonder what is really going on.
    Hmm good point there. What is the real cover up? I am sure it will be revealed eventually, like an onion they are tearing off the layers to get to the core.

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    1. The government could be investigating Noss and his business practices. It's likely we'll only learn of an investigation if and when charges are filed. In the meantime, if I'd worked for Noss, I'd be hiring an attorney.

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    2. Maybe Noss'es accountants could 'tell all' to the feds (and even make a plea deal if necessary). Wouldn't surprise us if when the accountants questioned some financial info Noss provided that they were told to either hit the road, didn't know their job, or do what you're told? That would be courtesy the mentoring Ingersoll provided Noss.

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  3. Now when are the newspapers going to pick up this story and give both sides not just the Ingersoll/Noss/Lynch slant.

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  4. It appears that Ingersoll is on the court calendar on May 16th.

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    1. As I understand, the May 16th event (1:30pm) was to be his formal sentencing. It's unclear whether that date will be utilized for the case, as both the prosecution and defense still have additional sentencing testimony to present.

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