“On a rocket sled to an ethics-free hell.”
Oh, to have access to Steven Ingersoll's seat cushions for just one day!
During his sentencing hearing, Ingersoll essentially acknowledged that he took money from where ever he could find it and moved it to where ever he needed, at will:
“When $30,000 was needed for this or that, I looked in my accounts online in the bank and just found the money where it was and spent it on the project, figuring I’d clean it up once I got my accounting in order. That’s what I did. I rifled through the seat cushions essentially to get the money to do the things that I needed to do.”
Although Ingersoll managed to
On December 15, 2016, Steven Ingersoll was sentenced after having been found guilty on March 10, 2015 of three counts: conspiracy to defraud the United States, and two counts of tax evasion.
But here's the thing: even though the government estimated his total tax debt between $550,000 and $1,500,000, and at least $2.0 million washed in and out of his pockets between 2012-2015 (years when he did not file a tax return, let alone actually pay taxes), Ingersoll's actual “criminal monetary penalties” were shockingly small.
Here's why: Judge Ludington waived “the imposition of a fine, the costs of incarceration and the costs of supervision, due to the defendant's lack of financial resources”.
Ingersoll was ordered to pay just $10,145.00 to the IRS, and only $11,762.23 for the cost of his prosecution—an amount estimated north of $2.0 million.
According to Michigan business entity records, Ingersoll filed the 2015, 2016 and 2017 annual statements for the Webster House B&B, LLC on December 21, 2016.
The Webster House was at the center of a scandalous, corner-and-hole deal (proposed in late November 24, 2014 on Ingersoll's behalf by then-president of the Grand Traverse Academy board of directors, Brad Habermehl), with the bed & breakfast offered by Ingersoll as security for a $300,000 commercial loan.
In an email sent by Ingersoll to Brad Habermehl at 6:42am on November 24, 2014, he claimed the Webster House at “recently valued at $1.1mm”.
Sure looks to me like Ingersoll is feathering his own nest...again!