Eagan man enters guilty plea in $14M mortgage 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.
Author:
Updated:
Original:

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.

Next Up

Twitter - Mayflies St. Paul - Jay Xiong

It's mayfly season in Minnesota, and it's totally gross

But a mayfly hatch is actually a good thing, we swear!

Okciyapi (Help Each Other) 2

Walker reveals first sneak peek at new Sculpture Garden addition

Okciyapi (Help Each Other) comes from local artist Angela Two Stars.

GCS-2104-005_btmn-comBanner_display_1000x1000_2 copy (1)[5]

The summer of live music is here (finally!)

Grand Casino Hinckley offers big-name outdoor concert events.

Star Tribune

Star Tribune food critic Rick Nelson is moving to a new beat

A nationwide search has been launched to find a replacement for the award-winning food critic.

Atravius Weeks booking photo

Charges: Man shot ex-girlfriend multiple times outside day care in Lakeville

The suspect shot himself in the head after fatally shooting his ex, charges say.

Mohamed Ibrahim

Ibrahim, Olson named First-Team All-Big Ten by Phil Steele Publications

The Gophers had 10 total players selected to the All-Big Ten team.

Pixaba - vaccine covid shot

10 Minnesota counties have now hit 70% adult vaccination rate

The more transmissible Delta variant is adding urgency to the vaccination effort.

ambulance

Two young men killed after car, dump truck collide

The collision happened in Barron County, western Wisconsin.

Brian O'Neill, Vikings-Saints

Matthew Coller: Should the Vikings have any offseason regrets?

Matthew Coller writes a weekly Vikings column for BMTN, with more of his work found at Purple Insider.

Related

Twin Cities man pleads guilty in $20M mortgage fraud scheme

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.

Minnesota woman gets 60 months in prison for role in mortgage fraud scheme

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.

Petters aides enter not guilty pleas on new federal charges

Frank Vennes and James Fry will go to trial in February after pleading not guilty to a total of 31 criminal counts, the Pioneer Press reports. The charges include wire fraud, money laundering and making false statements. Both men are accused of helping convicted Twin Cities businessman Tom Petters carry out his $3.5 billion Ponzi scheme.

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.

Not guilty plea entered for Schaffhausen after he stands mute in court

The man accused of killing his three daughters in their River Falls home last month declined to enter a plea at his court appearance Tuesday. A judge then entered a not guilty plea on Aaron Schaffhausen's behalf. The move was somewhat surprising, since prosecutors had expected Schaffhausen to plead not guilty by reason of mental deficiency.

Iowa broker linked to Trevor Cook Ponzi scheme admits to fraud

Russell Wasendorf Sr., founder and CEO of Cedar Falls-based Peregrine Financial Group, faces up to 50 years in prison under a plea deal, the Des Moines Register reports. The 64-year-old has agreed to plead guilty to mail fraud, embezzling customer funds and making false statements to regulators.

Hudson man pleads guilty in $10 million mortgage scheme

James Ober was charged with racketeering in the case that involved more than 60 homes around Minnesota over the last several years, the Hudson Star Observer is reporting. The scheme involved finding fake buyers for homes.