Bloomington mortgage firm exec charged with bank fraud
Federal prosecutors Joseph Traxler, formerly the chief financial officer and senior vice president of Centennial Mortgage and Funding, defrauded American Bank of St. Paul of about $8 million.
Federal prosecutors Joseph Traxler, formerly the chief financial officer and senior vice president of Centennial Mortgage and Funding, defrauded American Bank of St. Paul of about $8 million.
The Gophers are quickly falling out of NCAA tournament contention.
Beasley was sentenced to 120 days in jail earlier this month.
Wilson has a 6-0 record against Minnesota and could be on his way to the NFC North.
Ostroushko, who learned his craft in the Ukrainian community of Northeast Minneapolis, had a versatile career including performances with popular artists and orchestras
The company, which has 12 stores in Minnesota, is pushing ahead of retailers Target and Amazon with its new minimum wage
Green will have immediate eligibility as a graduate transfer.
An exact reopening date hasn't been revealed.
This report comes as state lawmakers are debating proposals opponents say would "bail out" the state's largest city.
Matthew Coller writes a weekly Vikings column for BMTN, with more of his work found at Purple Insider.
'By this summer, every Minnesotan gets a shot,' Walz says.
Using a donation from Blue Cross and Blue Shield of Minnesota, the School of Public Health will work to address racial disparities in healthcare.
The news conference begins at 12:15 p.m.
The Minneapolis-based financial institutes vice chairman of payment services Pamela Joseph and executive vice president Leslie Godridge both ranked in this year's list compiled by American Banker magazine.
Warren Buffett's Berkshire Hathaway Inc. is eyeing a $374 billion mortgage-servicing portfolio of Residential Capital LLC. The bankrupt lending unit, a subsidiary of government-owned Ally Financial, filed for Chapter 11 protection in May. Dow Jones News Wires reports Minnesota-based ResCap already has a proposed agreement to sell the mortgage unit to NationStar Mortgage Holdings Inc. Berkshire says it will match the $2.4 billion bid, but offer a lower breakup fee.
The new case involving a Utah company joins a list of other mortgage fraud prosecutions Minnesota has pending. Commerce Commissioner Mike Rothman says the companies are exploiting homeowners in financial distress by promising services that they don't deliver.
A woman from Savage was sentenced to 60 months in prison Friday for her role in a multi-million-dollar mortgage fraud scheme that victimized lenders across the country. Barbara Lynnae Puro, 49, was sentenced after pleading guilty in March to one count of conspiracy to commit wire fraud.
A Chanhassen man has become the third person to plead guilty in a $20 million mortgage fraud scheme that involved 57 properties. Douglas Rex Butler faces up to 20 years in prison after pleading guilty to one count of fraud.
Joseph Meyer, 47, has pleaded guilty to a single count of mail fraud in connection with a mortgage scheme involving the Cloud 9 Sky Flats condo development in Minnetonka. He faces up to 20 years in prison. Nine people have been charged in the fraud scheme. A Minneapolis man is the only person who has not entered a plea.
5.4 percent of Minnesota mortgage holders were behind by at least one payment during the third quarter. That's almost a full percentage point lower than during the same period last year. It's also one of the lowest delinquency rates among the states.
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