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Decatur Farmer Grows A $23 Million Lie
A Decatur farmer should probably study how to grow weed while he s spending his 8 years (and an additional 5 years for a second charge) in prison for bank fraud and false statements to a farming insurance company because he s going to need to make a lot of money to pay some hefty restitutions.
In September Michael David Stamp plead guilty to the charges and was sentenced earlier today. Not only did he get the jail time but he was also ordered to pay $23 million in restitutions. That s a lot of jack to pay back.
The IRS isn t fond of lies and fraud.
Former Stamp Farms owner sentenced to prison, ordered to pay $23M in restitution
Updated Jan 19, 2021;
Posted Jan 19, 2021
Michael Stamp watches as Miedema Auctioneering sells off his Stamp Farms property in 2013 at Lawton Heritage Community Center. Stamp was sentenced Jan. 19, 2021 in U.S. District Court to 8 years in prison and ordered to pay $23M in restitution for orchestrating a multimillion-dollar fraud scheme. (MLive file photo | Mark Bugnaski)Kalamazoo Gazette
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KALAMAZOO, MI A former Decatur farm owner involved in a multimillion-dollar fraud case was sentenced in U.S. District Court Tuesday to 8 years in prison and ordered to pay $23M in restitution.
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