MICHIGAN DEPARTMENT OF TREASURY BITCH SLAPS STEVEN INGERSOLL WITH TAX LIEN, WHILE PATTING HIS REAR CHEEKS AND MAINTAINING FINANCIAL LIFE-SUPPORT FOR HIS BAY CITY ACADEMY: The Ripple Effect Reverberates In Bay City As Co-Defendant Roy Bradley's Center Avenue Home Slides Into Tax Forfeiture Foreclosure
The teat giveth...and the teat taketh away, per the King James version of the Holy Bible.
According to a notice filed on March 13, 2018 in Bay County's Register of Deeds, the Michigan Treasury slapped a $31,798.47 state tax lien on the Center Avenue home owned by Steven and Deborah Ingersoll.
Ingersoll's Traverse City home avoided a similar action, as the property is now owned by a trust registered in Deborah Ingersoll's name.
But Deborah Ingersoll didn't escape the slippery clutches of the Michigan Department of Treasury—the Bay City bed & breakfast she operates, the Historic Webster House, was hit with a lien on February 26, 2018 for $24,890.34 for delinquent Michigan use tax and sales tax.
In 2017, Roy Bradley was ordered to pay a $54,235.52 fine to the United States as a result of his criminal tax fraud conviction. The feds placed a lien on Bradley's home in that amount on June 12, 2017.
And on April 18, 2019, Roy Bradley's Center Avenue home officially slid into tax forfeiture foreclosure for failing to pay $3,844.07 in delinquent 2016 property taxes.
But don't cry for them, Argentina.
Ingersoll's Bay City Academy, currently operated by Brian Lynch's Mitten Education Management, has managed to pull in nearly $8.0 million from the Michigan Treasury since Ingersoll drove it into a nearly $1.5 million deficit in 2015.
Now that's a real "Ripple" effect!
TAUNTING MISCREANTS SINCE 2012! AN INDEPENDENT, AD-FREE NEWS SITE--SHINING A LIGHT ON THE DARK UNDERBELLY OF FRAUD, CONS AND SCAMS FROM NORTHERN MICHIGAN TO LAS VEGAS, NEWPORT BEACH HAS ENDED ITS RUN. PUBLISHED CONTENT WILL REMAIN ONLINE, BUT MISS FORTUNE HAS SIGNED OFF! Due to lack of technical support by Google, I'm unable to respond to your comments.
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Friday, April 27, 2018
Tuesday, April 24, 2018
JASON BESCOE'S ATTORNEY WALKS...AND BESCOE FORMS A NEW COMPANY TO “PROVIDE CONSULTING SERVICES TO INDIVIDUALS SEEKING ADVICE ON THEIR PERSONAL RETIREMENT PLANS” (My Advice? Run The Other Way!)
IS JASON BESCOE HIDING HIS ASSETS, AND HAS HE SECRETLY RESUMED SCAMMING? Disgraced financial advisor Jason Bescoe waltzed into Genesee County's 67th Circuit Court for a prelim back on April 12, and left without an attorney.
Bescoe's former defense attorney, Michael Manley, was allowed to withdraw as his counsel, according to court records.
Bescoe is now represented by a court-appointed attorney.
And although Bescoe is accused of a "Ponzi scheme", allegedly scamming elderly clients out of a six-figure sum, I have discovered that Bescoe may be back in the game.
Earlier this month, Bescoe registered "IRA Counsel, LLC" as a Michigan business entity, with the stated purpose of providing "consulting services to individuals seeking advice on their personal retirement plans."
The official filing, shown below, also states that the so-called "advice" would "include planning for accumulation, preservation, distributions, and beneficiaries."
Although the Michigan Department of Licensing and Regulatory Affairs yanked Bescoe's investment advisor license, his FINRA record reveals he's no longer licensed as a broker and he's facing embezzlement and witness intimidation charges, this deviant figured the best path is to get right back in the saddle.
Unbelievable!
But wait, it gets better.
In addition to the new business, Bescoe registered nine Michigan entities last year beginning just days after his original embezzlement indictment was announced—entities described as "retirement account holding companies", vehicles that could shelter significant assets Bescoe doesn't want to forfeit if he's convicted. (Scroll to continue.)
Beginning August 23, 2017 and continuing through August 31, Bescoe registered these nine Michigan business entities, all with the stated purpose of a "retirement account holding company":
ABG IRA Holdings,LLC
CAG IRA Holdings, LLC
GDR IRA Holdings, LLC
JED IRA Holdings, LLC
LAR IRA Holdings, LLC
LAR Roth Holdings, LLC
MKL IRA Holdings, LLC
PEK IRA Holdings, LLC
TWK IRA Holdings, LLC
And that's just here in Michigan!
Bescoe's former defense attorney, Michael Manley, was allowed to withdraw as his counsel, according to court records.
Bescoe is now represented by a court-appointed attorney.
And although Bescoe is accused of a "Ponzi scheme", allegedly scamming elderly clients out of a six-figure sum, I have discovered that Bescoe may be back in the game.
Earlier this month, Bescoe registered "IRA Counsel, LLC" as a Michigan business entity, with the stated purpose of providing "consulting services to individuals seeking advice on their personal retirement plans."
The official filing, shown below, also states that the so-called "advice" would "include planning for accumulation, preservation, distributions, and beneficiaries."
Although the Michigan Department of Licensing and Regulatory Affairs yanked Bescoe's investment advisor license, his FINRA record reveals he's no longer licensed as a broker and he's facing embezzlement and witness intimidation charges, this deviant figured the best path is to get right back in the saddle.
Unbelievable!
But wait, it gets better.
In addition to the new business, Bescoe registered nine Michigan entities last year beginning just days after his original embezzlement indictment was announced—entities described as "retirement account holding companies", vehicles that could shelter significant assets Bescoe doesn't want to forfeit if he's convicted. (Scroll to continue.)
Beginning August 23, 2017 and continuing through August 31, Bescoe registered these nine Michigan business entities, all with the stated purpose of a "retirement account holding company":
ABG IRA Holdings,LLC
CAG IRA Holdings, LLC
GDR IRA Holdings, LLC
JED IRA Holdings, LLC
LAR IRA Holdings, LLC
LAR Roth Holdings, LLC
MKL IRA Holdings, LLC
PEK IRA Holdings, LLC
TWK IRA Holdings, LLC
And that's just here in Michigan!
Friday, April 20, 2018
"MAGNIFICENT", "FILLED WITH NATURAL LIGHT", "REMINISCENT OF KUBLA KHAN'S PLEASURE DOME": Three Things You Won't Read In LastBid Real Estate's Description Of Bay City Academy's Former Madison Arts Campus; A Steal At $25,000 Opening Bid (Calling Brian Lynch!)
The Bay City Academy, founded and foundered by convicted felon Steve Ingersoll, is circling the bowl—and you can buy its Madison Avenue steamer for a cool $25,000!
Listed Monday on LASTBIDrealestate.com, the property's auction is scheduled for May 2, 2018, closing at 2:00pm EDT.
Here's the description:
“Bank Owned 3 Story Former Church/Charter School ~ Online Real Estate Auction featuring a bank owned former charter school that was built in 1886.
Situated on .88 acres, the approximately 23,885 sq. ft. building includes 14 large class rooms, two bathrooms per floor, six elevators to the basement and the two-story above-ground high open ceiling, sanctuary/theater/ auditorium.
The building has beautiful craftsmanship and stained-glass windows as well as upgraded electrical and boiler systems. The heat and electric have been kept on and the building has ample parking across from Birney Park.
Don't miss out on this unique opportunity.”
Here's what the description doesn't tell you: Steven and Deborah Ingersoll were officially notified on April 19, 2016 by Chemical Bank that they (along with the Steven Ingersoll-controlled entity Madison Arts, LLC) had “defaulted on the terms and conditions of the Mortgage entered into with Chemical Bank”.
Originally scheduled for August 5, 2016, the mortgage foreclosure sale finally occurred on August 26, 2016.
There were no bidders, with the Sheriff's deed reverting to mortgage holder Chemical Bank.
The Ingersolls walked away from their mortgage, leaving a nasty $1.8 million debt in their wake.
In addition, Steven Ingersoll shafted the taxpayer, with $1,441,600 of the loan guaranteed by the United States Department of Agriculture.
Originally listed back in September 2017 at $513,000, the Chemical Bank-owned Madison Arts later returned to the market with a new broker and a much lower price: $425,000.
You can buy it for $25,000...quick, call your broker!
Listed Monday on LASTBIDrealestate.com, the property's auction is scheduled for May 2, 2018, closing at 2:00pm EDT.
Here's the description:
“Bank Owned 3 Story Former Church/Charter School ~ Online Real Estate Auction featuring a bank owned former charter school that was built in 1886.
Situated on .88 acres, the approximately 23,885 sq. ft. building includes 14 large class rooms, two bathrooms per floor, six elevators to the basement and the two-story above-ground high open ceiling, sanctuary/theater/ auditorium.
The building has beautiful craftsmanship and stained-glass windows as well as upgraded electrical and boiler systems. The heat and electric have been kept on and the building has ample parking across from Birney Park.
Don't miss out on this unique opportunity.”
Here's what the description doesn't tell you: Steven and Deborah Ingersoll were officially notified on April 19, 2016 by Chemical Bank that they (along with the Steven Ingersoll-controlled entity Madison Arts, LLC) had “defaulted on the terms and conditions of the Mortgage entered into with Chemical Bank”.
Originally scheduled for August 5, 2016, the mortgage foreclosure sale finally occurred on August 26, 2016.
There were no bidders, with the Sheriff's deed reverting to mortgage holder Chemical Bank.
The Ingersolls walked away from their mortgage, leaving a nasty $1.8 million debt in their wake.
In addition, Steven Ingersoll shafted the taxpayer, with $1,441,600 of the loan guaranteed by the United States Department of Agriculture.
Originally listed back in September 2017 at $513,000, the Chemical Bank-owned Madison Arts later returned to the market with a new broker and a much lower price: $425,000.
You can buy it for $25,000...quick, call your broker!
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