- Associated Press - Thursday, December 15, 2016

BAY CITY, Mich. (AP) - A founder of Traverse City Academy who was accused of taking large cash advances from the charter school and then trying to repay them with construction loans will serve 41 months in federal prison for his convictions on tax evasion charges.

The Traverse City Record-Eagle (http://bit.ly/2hqgW32 ) reports sentencing proceedings that began in 2015 came to a close as Steven Ingersoll was sentenced Thursday.

Jurors found Ingersoll guilty of tax evasion in March 2015.

Ingersoll’s attorney, Jan Geht, says he’ll discuss whether to pursue an appeal.

Ingersoll started the Traverse City school and Bay City Academy with charters granted by Lake Superior State University.

His management company no longer runs the school, but he still owns the buildings that more than 200 students use.

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Information from: Traverse City Record-Eagle, http://www.record-eagle.com

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