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Saturday, April 17, 2021

STEVEN INGERSOLL'S MONEY LAUNDERING SHELL GAME RE-EMERGES IN FULL SPECTRUM MANAGEMENT'S CHAPTER 7 BANKRUPTCY CASE: Although Ingersoll Beat The Rap In His 2015 Criminal Trial, He's Banking On The "Custodian Of Records" At Fifth Third Bank To Avoid A Massive Clawback

A nine-page disclosure document filed by Steven Ingersoll on April 14, 2021 in the Full Spectrum Management Chapter 7 bankruptcy adversary case includes the Fifth Third Bank's "custodian of records" on Ingersoll's "disclosure" list, indicating Ingersoll may be planning to utilize the bank's corporate record keeper in an effort to get out from under a massive clawback of nearly $400,000 paid to him by Mark Noss.

But here's the thing: although Ingersoll falsely claimed in his July 20, 2020 response to the Full Spectrum Adversary complaint the money transferred to the Grand Traverse Academy Fifth Third Bank account came from the Traverse City State Bank line of credit (the focus of the adversary action), an April 23, 2014 superseding indictment filed in Ingersoll's criminal case directly contradicts that assertion. Documenting the diversion of $704,000 from a $1.8 million USDA-backed Chemical Bank construction line of credit, the indictment traces the money from Chemical Bank to its ultimate end in the Grand Traverse Academy's Fifth Third Bank account.

Here's how it happened.

After diverting approximately $932,000 from the Chemical Bank loan, Steven Ingersoll then transferred $704,000 to Roy Bradley and Tammy Bradley's construction company's credit union account. Tammy Bradley then transferred $704,000 to Gayle Ingersoll's business account.

Gayle Ingeroll then transferred the $704,000 to his brother Steven Ingersoll and wife Deborah Ingersoll's joint, personal bank account at Fifth Third Bank.

Once the $704,000 was in Steve and Deb's personal account, Ingersoll was able to use that money to partially repay the Grand Traverse Academy.

Steven Ingersoll then transferred $700,000 on June 30, 2011 from a personal Fifth Third Bank account (#00487754785) he shared with his wife to the Grand Traverse Academy's Fifth Third account (#7540530933), in an attempt to reduce his indebtedness to the Traverse City charter school on the last day of its fiscal year.



Evidence presented at the criminal trial showed that, in the course of the tax evasion conspiracy, Ingersoll orchestrated a series of financial transactions that were motivated, at least in part, by Ingersoll's need to restore to the GTA some of the funds that he had diverted before the fiscal year end.

The money was transferred out of the GTA's account hours later by Ingersoll to an account he controlled. 



 

 

 

 

 

 

 

 

 

 

 

And what about the June 27, 2011 $200,000 transfer from Ingersoll to the Grand Traverse Academy's account?

 

That's a story for another day.

 

Just look who's on Ingersoll's discoverable information call sheet!


 

1 comment:

  1. Again, THANK YOU Miss Fortune, for all your work and diligence uncovering all things crooked! It seems those people are full of contradictions.

    ReplyDelete