Steve Ingersoll has become the face of charter school operators scamming Michigan taxpayers by siphoning tax dollars intended for education into their own personal bank accounts.
Ingersoll founded and operated the Bay City Academy in Bay City and the Grand Traverse Academy in Grand Traverse County. Last spring he was convicted on three counts of criminal tax fraud connected to his management of the Bay City Academy.
The Grand Traverse Academy severed its relationship with Ingersoll shortly before his indictment in 2014.
However, they had known about financial irregularities in Ingersoll’s operation of their charter school as early as a year before but continued to keep him on board and, as recently as January of this year, defended him as a “philanthropist” who helped them “stay out of deficit”:
The Grand Traverse Academy board continues to support Ingersoll even though its business dealing with Ingersoll left the school in deficit. The school board and current management company say…