DECATUR, Mich. — Although it’s been six years since Michael Stamp, his farming operation, Stamp Farms LLC, and related companies filed for bankruptcy protection, the legal saga is expected to continue.
Based on legal filings, Michigan Farm News has learned that Michael “Mike” and Melissa Stamp have both been named as co-defendants in a new five-count “Superseding Indictment” on federal charges, which was filed in the United States District Court for the Western District of Michigan’s Southern Division on Nov. 14.
Among those charges are the conspiracy to commit bank fraud and crop insurance fraud.
According to those court documents, Mike and Melissa Stamp of the Decatur, Mich.- based Stamp Farms LLC and Northstar Grain LLC “knowingly conspired, confederated, and agreed among themselves and with persons known and unknown to the grand jury, to defraud Wells Fargo Bank,” a federally-insured financial institution.
In addition to bank fraud charges in relation to Wells Fargo Bank, the five counts include conspiracy to commit bank fraud, conspiracy to make false statements to the Federal Crop Insurance Corp., bankruptcy fraud and concealing assets, and bankruptcy fraud by “knowingly and fraudulently making a false oath and account,” allegedly before and during the bankruptcy process.
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— Dennis Rudat and Mitch Galloway, Michigan Farm News, Michigan Farm Bureau
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