Shakopee man sentenced for role in $3.1 million ponzi scheme
Shakopee man is sentenced for role in $3.1 million ponzi scheme
Shakopee man is sentenced for role in $3.1 million ponzi scheme
After his arrest, Ray Brewer claimed he saved several soldiers from a fire while serving in the Navy, but later admitted, "these were both lies meant to curry favor with law enforcement."
A federal jury has awarded a record $564 million in damages to victims of a massive Ponzi scheme by Minnesota businessman Tom Petters.
Last week a judge granted a motion to freeze the couple's assets. Jason and Angela Bullard have one more day to give the court the estimated value of all property, along with how much investors say they are owed.
"They're alleging a very classic Ponzi scheme, much modeled after [Bernie] Madoff," attorney Doug Kelley said.
The Department of Justice announced Wednesday that the money will be distributed to approximately 364 people worldwide. This money is in addition to the $16 million that was initially distributed to victims.
Sixty-eight-year-old James Nickels earlier pleaded guilty to wire fraud. Prosecutors say Nickels convinced family, friend and neighbors to invest in his sham business.
About $16.4 million stolen by Tom Petters has now been returned to 364 investors.
Federal authorities say a Minnesota man accused of bilking investors of more than $1 million has pleaded guilty.
A Twin Cities chiropractor who has already spent time in prison for a Ponzi scheme is going back for the same crime.
A St. Paul man is charged with stealing more than $350,000 from a Minnesota brewery, and stealing almost as much from others in an alleged Ponzi scheme.
A 40-year-old man pleaded guilty Tuesday to stealing from investors in his wealth management company and using the money to buy a luxury SUV and run a Ponzi-style scheme.
Jury selection begins Monday for the trial of former Minnesota Vikings Stu Voigt. Voigt and his business partner Jeffrey Gardner head to federal court this week for allegedly bilking investors out of millions of dollars. The two face several criminal charges in connection to a real estate scheme between 2005 and 2007.
More than seven years after the financial collapse of one Minnesota's most powerful businessmen, victims are still waiting for money.
Former Minnesota Vikings tight end Stu Voigt has pleaded not guilty in an alleged Ponzi scheme. Voigt entered his plea Thursday after being indicted earlier in April on charges of conspiracy and fraud.
Two Minnesota men, including a former Minnesota Vikings tight end, are charged with running a Ponzi scheme that defrauded investors out of millions of dollars. The U.S. Attorney's office says 66-year-old Stu Voigt and 61-year-old Jeffery Gardner face several criminal charges in connection to a real estate scheme between 2005 and 2007.
A Eden Prairie man plead guilty Wednesday to using his financial planning firm to operate a Ponzi scheme to fraudulently obtain millions of dollars from former clients, according to U.S. Attorney Andrew Luger. Sean Meadows, 41, plead guilty to three counts of mail fraud, seven counts of wire fraud and money laundering offenses.
Federal prosecutors say a Minnesota man has pleaded guilty to defrauding investors of more than $19 million. Fifty-five-year-old Tyrone Herman of St. Anthony entered his plea Friday in U.S. District Court. According to court documents, Herman claimed he could purchase small appliances from manufacturers and wholesalers at below-retail market rates.
The final three defendants have been sentenced in the $3.65 billion Ponzi scheme led by Minnesota businessman Tom Petters. U.S. District Judge Richard Kyle handed down a 7 ½-year sentence Friday to hedge fund manager Bruce Prevost for his role in misleading investors in Palm Beach Capital Management, a Florida hedge fund that put money into Petters' scheme before it collapsed in 2008.
The man found guilty of orchestrating Minnesota's largest Ponzi scheme finally admitted on Wednesday that he did it. Tom Petters was in U.S. District Court in St. Paul on Wednesday trying to get 20 years shaved off his prison sentence.
Convicted Minnesota businessman Tom Petters returns to federal court this week to try to shorten his 50-year prison term. The attempt to get 20 years removed might be Petters' last chance to go after a lighter sentence.
Frank Elroy Vennes Jr. was sentenced to 180 months in prison on Friday, in connection with fraudulently raising money through hedge funds for investment in Petters Company. Vennes was a long-time associate of Thomas J. Petters, the Minnesota businessman convicted in 2009 of orchestrating a $3.65 billion Ponzi scheme.
Despite owing his victims more than $1 million, a Twin Cities chiropractor twice convicted of fraud again has his license to practice. Fifteen years ago, Randy Miland served two years in prison for a Ponzi scheme. He later served another three years for a real estate investment scam. A judge ordered Miland to pay more than one-and-a-half million dollars in restitution. That hasn't happened.
The fourth man convicted in a $194 million Ponzi scheme - the second largest in Minnesota history - was sentenced Monday to 240 months in federal prison. According to the U.S. Attorney General's office, 75-year-old Patrick Kiley of Burnsville was convicted last June of 12 counts of wire and mail fraud, one count of conspiracy to commit mail and wire fraud and two counts of money laundering. Kiley - along with ring leader Trevor Cook, Jason Bo-Alan Beckman, Gerald Joseph Durand and Christopher Pettengill – were all solely and jointly ordered to pay $155,359,411 in restitution to their victims.
A former associate of convicted Minnesota businessman Tom Petters has pleaded guilty to lying to investors in a $3.65 billion Ponzi scheme.
Jamal Murray rebounded from a rough start to the Western Conference semifinals with 24 points to lead the Denver Nuggets on a 117-90 romp in Game 3 that made the Minnesota Timberwolves the last team in the NBA to lose in this postseason.
It's a mad dash for a chance to catch the dancing colors in the sky.
Carlos Santana hit a tiebreaking home run in the fifth inning, Joe Ryan pitched a season-high seven innings and the Minnesota Twins won for the 16th time in 18 games by beating the Toronto Blue Jays 3-2.
Police say a single vehicle slammed into a section of White Bear Lake Area High School Friday.
Myon Burrell was arrested in Minneapolis Thursday and formally charged on May 10 with one count of fifth-degree possession of a controlled substance.
It's a mad dash for a chance to catch the dancing colors in the sky.
Police say a single vehicle slammed into a section of White Bear Lake Area High School Friday.
Myon Burrell was arrested in Minneapolis Thursday and formally charged on May 10 with one count of fifth-degree possession of a controlled substance.
Minnesota's new flag is set to go into official use Saturday, which has many wondering why the state adopted a new flag. The controversial replacement of the old flag requires an explanation of that emblem's history.
The ripple effects from the Israel-Hamas war again hit home in Minnesota, as advocates for an economic boycott of Israel pressed the University of Minnesota Board of Regents to divest the university's endowment from Israeli companies.
Minnesota's new flag is set to go into official use Saturday, which has many wondering why the state adopted a new flag. The controversial replacement of the old flag requires an explanation of that emblem's history.
Two Minnesota bills with new gun rules likely won't become law this year after key Democrat says he doesn't support them.
Last year, 22 air quality alerts were issued for Minnesota — 13 of them were orange, which means bad for people with pre-existing conditions. Nine were red — bad for everyone. Those 22 alerts spanned 52 days.
Minnesotans will have a good shot at spotting the northern lights on Friday night, experts predict.
Rural Minnesotans say they're getting hit hard by what they call a "chaotic" health care scene.
Home infusion is meant to help patients become independent and resume normal activities while recovering from an illness. The COVID-19 pandemic jump-started the growth of the at-home therapy.
Republicans who control the Wisconsin Legislature's audit committee have voted to launch a probe of diversity initiatives across state government.
A pair of wedding barns sued the state of Wisconsin on Tuesday seeking to block the enactment of a new law requiring them to get liquor licenses similar to other establishments that host events.
Milwaukee's election leader has been ousted by the mayor in a surprise move that comes just six months before Wisconsin's largest city will be in the spotlight in the presidential swing state.
Police in Wisconsin fatally shot a student who had pointed a pellet rifle in their direction outside a middle school, according to the state's Department of Justice.
Andy Coulter died of cancer in March, leaving a hole in the Montevideo community he loved dearly.
Art and spoken word can help break down barriers and allow people to share openly when it comes to tough topics like gun violence.
On Monday, more than 500 people heard Fine Sternberg speak at Hopkins High School for a special assembly commemorating Yom Hashoah, the Jewish day of remembrance for the Holocaust.
Every Monday morning, in a warehouse just outside of town, about 25 volunteers gather to pack food, clothing, medical supplies and even fire protection equipment. Former pastor Lee Schuemann is helping organize.
Dr. Greg Ekbom founded LimbFit, a Christian nonprofit that designs and fits prosthetics and also works side-by-side in hospitals with Ukrainian trauma surgeons.
Minnesota's new flag is set to go into official use Saturday, which has many wondering why the state adopted a new flag. The controversial replacement of the old flag requires an explanation of that emblem's history.
Two Minnesota bills with new gun rules likely won't become law this year after key Democrat says he doesn't support them.
The highly anticipated State Department report doesn't formally conclude Israel is in violation of U.S. or international law.
Saturday is Minnesota Statehood Day, and it's fair to say it will likely garner more attention this year than it has since the first celebration in 1858. That's because the new state flag will officially ride up flag poles across the state at sunrise.
The University of Minnesota’s Board of Regents is meeting Friday afternoon to discuss whether the U’s endowment will continue to hold investments in Israeli companies.
Rural Minnesotans say they're getting hit hard by what they call a "chaotic" health care scene.
The red-hot Minnesota Timberwolves are back home on Friday to take on the Denver Nuggets in game three of the Western Conference semifinal series — and tickets aren't cheap.
Gov. Tim Walz on Tuesday signed a ticket transparency bill aimed at protecting music fans when they buy tickets for shows.
Owning and protecting a home or a car in Minnesota is getting more expensive.
The amendment, which was heard in a House committee Tuesday, includes a minimum wage pay rate of $1.27 per mile and 49 cents per minute. That committee advanced the bill in an 8-4 vote.
Myon Burrell was arrested in Minneapolis Thursday and formally charged on May 10 with one count of fifth-degree possession of a controlled substance.
Two Minnesota bills with new gun rules likely won't become law this year after key Democrat says he doesn't support them.
Minnesota made history by establishing the first Missing and Murdered Black Women and Girls Office in the country. Now we know who will lead the ground-breaking unit.
The shooting occurred on the 3000 block of Irving Avenue North shortly after 7:30 p.m., according to the Minneapolis Police Department.
The 17-year-old from Minneapolis is facing two counts of second-degree murder in the deaths of 16-year-olds Diriye Abdi Muhumed and Chardid Farah.
Home infusion is meant to help patients become independent and resume normal activities while recovering from an illness. The COVID-19 pandemic jump-started the growth of the at-home therapy.
Rural Minnesotans say they're getting hit hard by what they call a "chaotic" health care scene.
Students at North St. Paul High School were lifting each other up as part of Shoe Day — a program by NAMI Minnesota that encourages teens to imagine themselves in each others' shoes.
The fitness chain's $10 monthly membership is one of few things that had remained unchanged since 1998 — until now.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with experts who working to track and treat long COVID.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Prince fans can add another stop to the list of must-see Twin Cities sites to celebrate the 40th anniversary of "Purple Rain."
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
International superstar Becky G is set to take the stage at the Minnesota State Fair Grandstand this summer.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
Jamal Murray rebounded from a rough start to the Western Conference semifinals with 24 points to lead the Denver Nuggets on a 117-90 romp in Game 3 that made the Minnesota Timberwolves the last team in the NBA to lose in this postseason.
Carlos Santana hit a tiebreaking home run in the fifth inning, Joe Ryan pitched a season-high seven innings and the Minnesota Twins won for the 16th time in 18 games by beating the Toronto Blue Jays 3-2.
Journalist Charles Hallman is a staple at Target Center. But he found a passion for covering a neglected sports beat.
After finishing their practice round on Monday night, the golfers were in their hotel rooms in Bartlesville, Oklahoma when they were told to go downstairs because a tornado was heading their way.
Manny Margot highlighted a five-run first inning for Minnesota with a three-run double off Seattle ace Logan Gilbert, and the Twins beat the Mariners 11-1 to win their fifth consecutive series.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with Lisa Pettigrew and Galen Smith about their long covid experience.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke Kate Murray with the Minnesota Department of Health and long covid sufferer Shane Hendricks.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with Dr. Dr. Tanya Melnik about the new M Health Fairview long haul COVID clinic.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with experts who working to track and treat long COVID.
Major bills have still not been voted on. But the legislative business has slowed because of the controversial return of Sen. Nicole Mitchell, who was charged last month with felony burglary.
Minnesotans like to explore, and now they'll have a chance to step into caves that haven't been explored in half a century.
John Lauritsen looks at how a Breezy Point barn went from housing buffalo and cattle to hosting customers and wedding parties.
It's one of the few covered bridges remaining in the Midwest, and it's seen a lot of traffic over the years.
Decades ago, at an 88-acre pasture near Annandale, cars replaced cows and French Lake Auto Parts was born.
There's an attraction in Fergus Falls that's centered around a man-made disaster.
A survey by the U.S. Fish and Wildlife Service shows 1.7 million anglers went fishing in Minnesota in 2022. Of those, 69% were residents and 31% were from out of state.
A summer sausage is apparently what's propelled the Twins to 12 straight victories. So, why are athletes superstitious? Good Question.
Cameras are appearing more frequently in courtrooms, but an age-old way to capture the moment is still finding its way into the spotlight.
Whether you're a new driver or new to the state, scheduling a driving test in Minnesota can be a bumpy road.
From drama involving Democratic Minnesota state Sen. Nicole Mitchell to now-former Republican Congressman George Santos, we've recently seen the flames of expulsion being fanned.
Many Minnesotans were treated to a stunning double rainbow on Thursday.
Nicolae Miu, a 54-year-old man from Prior, Lake, Minnesota was found guilty of six criminal charges, including first-degree reckless homicide. Miu's trial lasted eight days in a Hudson, Wisconsin courtroom.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
An early spring snowstorm made for many beautiful sights across the state of Minnesota over the weekend.
State fire officials say a grass fire near Waseca is contained Monday morning after burning more than 1,000 acres.
WCCO meteorologist Chris Shaffer has your latest forecast, and in a rare turn of events folks as far south as Alabama may be able to see the Northern Lights after sundown tonight. Also, looking ahead to Mother's Day, there's some beautiful weather on the way.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
WCCO meteorologist Chris Shaffer has your latest forecast, and in a rare turn of events folks as far south as Alabama may be able to see the Northern Lights after sundown tonight. Also, looking ahead to Mother's Day, there's some beautiful weather on the way.
Saturday will be a #Top10WxDay, and there's a chance at seeing the northern lights on Friday night.
WCCO meteorologist Mike Augustyniak breaks down the northern lights viewing opportunity in Minnesota Friday night, due to a geomagnetic storm.
Tonight on Home Team WCCO's Mike Max introduces us to Ty McDevitt, a pitching coach and baseball-lover with an incredible story.
Everyone is safe after a car slammed into a section of White Bear Lake Area High School on Friday.
WCCO meteorologist Chris Shaffer has your latest forecast, and in a rare turn of events folks as far south as Alabama may be able to see the Northern Lights after sundown tonight. Also, looking ahead to Mother's Day, there's some beautiful weather on the way.
It's a mad dash for a chance to catch the dancing colors in the sky.
WCCO meteorologist Chris Shaffer has your latest forecast, and in a rare turn of events folks as far south as Alabama may be able to see the Northern Lights after sundown tonight. Also, looking ahead to Mother's Day, there's some beautiful weather on the way.