}

Thursday, July 7, 2016

UN-BALANCED SHEETS: Bending The Rules & Coming Up To Speed

“The transactions coded with a “B” are payments made by FSM to SSM for the services performed by SSB’s accountant, the Defendant’s daughter-in-law Gretchen Ingersoll, for a total of $61,309.” 
Defense supplemental brief regarding obstruction of justice; July 5, 2016 




Among the documents and exhibits filed on Tuesday, July 5, 2016 by Steven Ingersoll's defense was a 19-page supplemental brief, providing the counter to a prosecution memorandum filed on April 29, 2016. In addition, the defense filed an annotated version of the government's summary of transfers from Mark Noss/Full Spectrum Management to Ingersoll and various entities he controls.

The defense provides a key, but we're looking today at payments made by Noss for the services provided by Gretchen Ingersoll:

“The transactions coded with a “B” are payments made by FSM to SSM for the services performed by SSB’s accountant, the Defendant’s daughter-in-law Gretchen Ingersoll, for a total of $61,309.” 

Except that Gretchen wasn't an accountant, she was a daughter-in-law with a general business degree.

And, if paying "the accountant during the transition period until FSM’s accountant was up to speed" was truly the purpose of those $4,950/$4,667 amounts, why didn't Noss just pay Gretchen Ingersoll directly?

Surely he's heard of an IRS Form 1099, right?

And Miss Fortune would like to know how many accountants went through those swinging Full Spectrum doors between April 2014-March 2015?

Hmmm.



2 comments:

  1. I bet if you went back to every accountant that Noss and Ingersoll ever had it would weave quite a tale of corruption.

    ReplyDelete
  2. And it wouldn't surprise any of us if any accountants that they hired /interviewed who were honest were soon accused of being trouble, disgruntled, non-team players when they said 'this is not proper accouting'. No wonder Gretchen Ingersoll has been at the financial helm of the Ingersoll/Noss empire...she seems to be able to play the (shell) game the Ingersoll way.

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