Michigan real estate developer indicted for tax, bank fraud
GRAND RAPIDS, Mich. – A federal grand jury returned an indictment charging a Michigan businessman with tax evasion, filing false documents with the Internal Revenue Service (IRS), making false statements to IRS Criminal Investigation agents, and mortgage fraud. Chappelle is also accused of evading a payment of more than $830,000 in unpaid taxes by making false statements to the IRS about his and his companies’ assets. He’s also charged with making false statements to IRS-CI agents during its criminal investigation. He’s also charged with filing a tax return for Terra Holdings on which he falsely claimed the company had no employees. The indictment also charges that Chappelle made false statements and submitted fraudulent documents to a bank when refinancing his lake house mortgage.