On this day in 1986...


William Rubin and Janet Karki are found guilty for their connection to the Flight Transportation Corporation scandal.

Rubin, the president of the Eden Prairie company, and Karki, the CFO, are convicted of perpetrating the "largest financial fraud in Minnesota history."

FTC, which claimed to be an aircraft charter service, was found to have committed a multitude of financial frauds at the federal level, including securities frauds at the Security and Exchange Commission's expense.

Rubin would receive 35 years in prison and a $120,000 fine for leading the almost completely fictional company to sell $25 million in stock that was essentially worthless.

Karki would be sentenced to 20 years by a St. Paul federal judge, with the final conclusion from many accounts stating that much of the company's assets were only "in the minds of the executives."

Next Up

police tape, crime scene

Man and woman, aged 55 and 62, found dead in their home

The St. Louis County Sheriff's Office is investigating.

Gov. Tim Walz

Walz: COVID-19 guidance for Christmas likely to be similar to Thanksgiving

Thanksgiving featured a ban on social gatherings with non-household members.


Mall of America is offering a virtual Santa experience this year

People can virtually tour Santa's Candy Cane Institute.

PD Shimmers 4

Annual guide to finding holiday lights displays in MN is released

More than 80 holiday displays are on this year's list.

duluth police department

Duluth police officer charged in September shooting

The officer, who is a five-year veteran, is charged with two felonies.

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Enbridge gets final approval to start construction on Line 3 replacement

The project has attracted criticism from environmental and tribal groups.

Kirk Cousins

Is it a 4-team race for the final NFC playoff spot?

The key for Minnesota likely requires winning on the road against two top NFC teams.


Nov. 30 COVID-19 update: Hospitalizations reach new high mark

There are fewer than 100 staffed ICU beds available in Minnesota.