Three men convicted in Minnesota's second-largest Ponzi scheme

A federal jury in Minneapolis found Jason "Bo" Beckman, Gerald Durand and Patrick Kiley guilty of all charges for their role in helping convicted fraudster Trevor Cook. Each defendant was facing numerous counts of wire and mail fraud, money laundering and tax evasion. Their massive international scheme took $194 million from more than 700 people. Cook is serving a 25-year sentence in federal prison after pleading guilty to fraud in 2010.
Author:
Updated:
Original:

A federal jury in Minneapolis found Jason "Bo" Beckman, Gerald Durand and Patrick Kiley guilty of all charges for their role in helping convicted fraudster Trevor Cook. Each defendant was facing numerous counts of wire and mail fraud, money laundering and tax evasion. Their massive international scheme took $194 million from more than 700 people. Cook is serving a 25-year sentence in federal prison after pleading guilty to fraud in 2010.

Next Up

Pixabay - water surface

2-year-old dies a week after being pulled from Ham Lake pond

The boy had been at Lions Park with family and friends.

Facebook - Dinosaur Drive-Thru image

50 animatronic dinosaurs to take over Mall of America parking lot

Dinosaur Drive-Thru opens June 24 and runs through July 11.

new ulm police department squad car

Police: Man who shot himself during traffic stop has died

He died in a Twin Cities hospital early Wednesday.

Flickr - Voyagerous - Christine Warner

MN's lone National Park is also one of the least popular in the country

Travelers are clearly overlooking what northern Minnesota has to offer.

Elton John

Elton John confirms rescheduled St. Paul dates for farewell tour

"I'm going to go out in the biggest possible way, performing at my very best," John said.

Alex, Curt and Steven Boesl

3 Minnesotans honored with Carnegie Medals for heroic acts

The award is the highest honor for civilian heroism in North America.

police tape, crime scene

Police discover woman dead at Twin Cities home following welfare check

Officers also found "multiple" children on the scene, all of them unhurt.

bear cub

Bear clambers into northern MN home through kitchen window

A black bear in the house isn't something you see every day.

Ambulance hospital emergency

5 teens hurt in rollover crash near Hutchinson

The crash happened before 6:30 a.m. Wednesday.

Pixabay - Crappie fish

MN DNR: Please call us if you find a large group of dead fish

The agency says hot weather might be contributing to recent die-offs.

thomas beach, bde maka ska - lake calhoun

2 Minneapolis beaches temporarily closed due to high E. coli levels

The park board will sample the water at the beaches again on Wednesday.

Related

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.

Federal jury convicts three, acquits six in Somali sex trafficking trial

The case involved nine of the 30 defendants accused of conspiracy to commit sex trafficking of juveniles in Minnesota, Ohio and Tennessee. After five days of deliberations in Nashville, jurors found three men from the Twin Cities guilty and they could be sentenced to life.

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.

Feds to seize Twin Cities home tied to Petters' Ponzi scheme

The U.S. Attorney's Office was given the go-ahead Wednesday by a federal judge to seize a Minnetrista home that was purchased with proceeds from the Tom Petters' Ponzi scheme. The house until recently was occupied by Allen Munson, the ex-husband of former Petters' associate, Deanna Coleman.