Michigan Farmer Mike Stamp Indicted on 14 Federal Charges

January 26, 2018 12:02 PM
Mike Stamp

Decatur, Mich. farmer Mike Stamp faces a 14 count indictment stemming from his 2012 bankruptcy, including federal crop insurance fraud. Other counts on the indictment include conspiracy to commit bank fraud, bank fraud, issuing false statements and reports, federal crop insurance fraud and bankruptcy fraud.

Stamp was indicted by a federal grand jury and arrested in December and later posted bond. He was arraigned Thursday in federal court in Grand Rapids, Mich., and pleaded not guilty. His initial pre-trial conference is set for Feb. 5.

The 41-page indictment accuses Stamp—who owned Stamp Farms, LLC.—of falsely claiming he farmed 44,000 acres in order to secure a loan from Wells Fargo. The Feds also claim Stamp hid assets from the bankruptcy court including his pulling-tractor named “Ghost Rider,” and funneled money to friends and family to hold until a later date.

The United States District Court files also accuses Stamp of federal crop insurance fraud to help pay for the farming operation and make lease payments.

Two others were charged in the indictment including James Becraft, an employee of Stamp Farms who among various responsibilities, was responsible for coordinating and maintaining crop insurance coverage, and Douglas Diekman, who owned and leased farm ground. Becraft and Diekman are both accused of conspiring to provide false statements to the Federal Crop Insurance Corporation (FCIC) in order to obtain money. Becraft also faces charges for issuing false statements to the FCIC with Stamp. At least five other individuals were also cited in the documents, but have not been named. In total, the individuals are accused of false statements and reports that caused a loss of approximately $414,000 to the Federal Crop Insurance Corporation (FCIC), the insurance companies and the United States.

Stamp’s wife, Melissa Sue Stamp, was sentenced in May 2015 on bankruptcy fraud to 20 months, but has since been released. Melissa Stamp admitted concealing money from the bankruptcy.

Stamp’s attorney did not respond to calls for comment.


Back to news


Spell Check

SuiteCapitals@gmail.com, FL
5/8/2018 06:08 PM

  We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com ) We Have Loan Programs Tailored For Any Profile And You've Come To The Right Place To Satisfy Your Business Needs. If Your Company Or You Know Of Any Company With Viable Projects / Proposals That Needs Financing, Kindly Write Us With The Loan Requirement. Please, Contact Us For More Information: SuiteCapitals@gmail.com ( SuiteCapitals@post.com ) You Will Hear From Us. Well Nice To Meet You And I look forward to our Business Acquaintance. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com ) Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

DrSebi@solution4u.com, FL
5/8/2018 06:10 PM

  REMEDY TO ALL KIND OF SICKNESS YOU MIGHT HAVE BEEN SUFFERING FROM AND ALSO SPECIALISES IN THE FOLLOWING: Please Kindly Contact Us At Via Email: DrSebiSolutionCenter@gmail.com ( DrSebi@solution4u.com ) Urgent Effective Love Spell - Save You Marriage Fast If You Want Your Ex-Back - If You Always Have Bad Dreams. You Want To Be Promoted In Your Office - If Your Work Refuse To Pay You You Want Women/Men To Run After You - If You Want A Child. Herbal Care - HIV-AIDS Disease - Do You Have A Low Sperm Count? If You Are Unable To Satisfy Your Wife Sex Desire Due To Low Err Action If Your Menstruation Refuse To Come Out The Day It Suppose Or Over Flows. Cancer Cure - Diabetes Cure - Ringing Ear - Stroke Cure - Warts Cure HPV Cure - Penis Enlargement - Hepatitis - Genital Herpes - Infections Virgina Problem - Whooping Cough - Lower Respiratory - Cold Sore Low Sperm Count - Bareness - Infertility - Staphylococcus Aureus Zika Virus - Fibroid - Asthma - Tooth Pain - Sickle Cell - Diarrhea E.T.C Please Kindly Contact Us At Via Email: DrSebiSolutionCenter@gmail.com ( DrSebi@solution4u.com )

New York, CA
6/9/2018 04:44 PM

  Hello Everyone.. I Mr.Mark Greg is basically from San Diego where i learn more ideas about computing and networking, i graduated from the university of San Diego where i decided to input my knowledge on some great business which i later bring out the value of creating cards so i can help a lot of families, and the orphanage. seriously in San Diego i have been able to help more than thousand of people. you will enjoy a lot of this and you will gain power of been able to purchase your dream houses/cars. my office address < 6493 Caminito Blythefield,San Diego, CA. Contact email address and Phone Number ( markgergatmcardwork@gmail.com ) And ( +254743442702 ) I hope you understand i am putting all my efforts to ensure you are helped speedily. Full Name : Country: State: Phone Number: Date of birth: Home Address: Thanks Mr.Mark Greg Email us today and now: markgergatmcardwork@gmail.com Call/Sms us: +254743442702


Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by QTInfo.com
Brought to you by Beyer