Shakopee man sentenced for role in $3.1 million ponzi scheme
Shakopee man is sentenced for role in $3.1 million ponzi scheme
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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.
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
A former autoworker was given back his retirement through the kindness of strangers.
A man who law enforcement say was armed with a large knife when a deputy shot him in Monticello, Minnesota, now faces charges.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Police said this is the city's 13th homicide of the year.
Police said this is the city's 13th homicide of the year.
CrowBar also includes pieces salvaged from restaurants and bars long gone, including doors from the iconic Palmer's Bar.
Hola Arepa in Minneapolis was heading into dinner rush Wednesday night, when two plain-clothed individuals entered the restaurant, saying they're from the Department of Homeland Security.
Inspire Change Clinic opened its doors in Minneapolis with a simple mission: provide access to marginalized communities. On Thursday afternoon, the clinic should have been bustling with a waiting room filled with families. Instead, the clinic was empty.
An investigation is underway after a police pursuit ended in a shootout near the Mall of America in Bloomington, Minnesota, according to police.
Out of the 1,500 men on his ship, Del Thielke was the only one selected to be aboard the USS Missouri when the peace treaty was signed.
The owner of the historic Lutsen Resort on Minnesota's North Shore has been charged with arson and insurance fraud more than a year after a fire destroyed the resort's lodge.
Minnesota will see a higher-than-expected surplus for this current budget, but is expected to see a deficit in the future due to spending outpacing revenues, according to state budget experts.
Police in Duluth, Minnesota, say a mountain lion has been spotted in the city recently.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
River Falls hosts St. John's this weekend in round three of the NCAA tournament.
Bodycam video captured a sheriff's deputy in Racine County, Wisconsin, saving the life of a little girl from a house fire that killed her mother and the family dog earlier this week.
A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group.
A Democrat who served four years as Wisconsin's lieutenant governor and narrowly lost a 2022 U.S. Senate bid is running for governor in the battleground state.
Organizers at Mt. Telemark Village in Cable say there's no shortage of reasons to head north.
Firefighters are continuing a 44-year tradition that happens every year north of the Twin Cities.
It was a scary moment in the Twin Cities over the weekend, as a trailer hauling sled dogs turned over on Interstate 494 in Minnetonka.
On Sunday, members of Minnesota's Somali community spoke out against President Trump's social media post calling for an end to temporary protected status.
Two hundred Thanksgiving meals were distributed to this community by Second Harvest Heartland and the Thielen Foundation.
A Minnesota nonprofit is getting a major boost this week as dozens of college students spend their morning sorting donated shoes to support families in need.
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Minneapolis City Council leaders are set to roll out what they’re calling a “people-centred budget."
Minnesota's state budget could go from boom to bust. A new forecast shows a $2.5 billion surplus for the current budget but a $3 billion deficit in the next one. WCCO's Caroline Cummings explains the drop and how it could impact you.
Inspire Change Clinic opened its doors in Minneapolis with a simple mission: provide access to marginalized communities. On Thursday afternoon, the clinic should have been bustling with a waiting room filled with families. Instead, the clinic was empty.
Trump's comments, presented without evidence, have shaken people like Salman Fiqy, who saw an opportunity for the GOP to gain further ground in the Somali community.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
When we do winter weather stories, there's always that one line people use: cold, snow, ice — it's just what happens here. And this week, Ticket King president Michael Nowakowski said that same idea kind of applies to Minnesota Vikings ticket prices.
Thanksgiving is a big day for the farmers who raise the centerpiece of Americans' dinner tables on the last Thursday of November. But in Minnesota, the nation's top turkey producer, the work doesn't stop once the national holiday ends.
A family-owned Linden Hills bar and restaurant is closing its doors for Thanksgiving, but opening the kitchen for those who need it most.
On the eve of Thanksgiving, Sentyrz Liquor & Supermarket turned into holiday headquarters for last-minute shoppers.
A man who law enforcement say was armed with a large knife when a deputy shot him in Monticello, Minnesota, now faces charges.
Police said this is the city's 13th homicide of the year.
The special edition locket was inspired by the James Bond film "Octopussy," which revolves around a plot to steal a rare Faberge egg.
A former Minneapolis elementary school teacher was sentenced to 10 years for possessing child sexual abuse material and soliciting a minor to engage in sexual conduct.
The owner of the historic Lutsen Resort on Minnesota's North Shore has been charged with arson and insurance fraud more than a year after a fire destroyed the resort's lodge.
Inspire Change Clinic opened its doors in Minneapolis with a simple mission: provide access to marginalized communities. On Thursday afternoon, the clinic should have been bustling with a waiting room filled with families. Instead, the clinic was empty.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Cases always rise in colder months, with the use of furnaces and people working on gas motors in closed garages.
A jury has awarded an Iowa woman a $19.8 million verdict against the Mayo Clinic and a colorectal surgeon in a lawsuit brought in Minnesota courts, according to her attorneys.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
The yellow childhood home of the Purple One is abandoned and in need of some TLC, despite the City of Minneapolis recently granting it landmark status.
Legendary rock 'n roll band Guns N' Roses is hitting the road again next year and will make a stop in Shakopee, Minnesota.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
More than 20 years after its theatrical release, the movie "The Notebook" is still stealing hearts with a romance for the ages. The classic love story is now a hit Broadway musical taking the stage in St. Paul.
River Falls hosts St. John's this weekend in round three of the NCAA tournament.
Julius Randle had 28 points and nine rebounds, carrying Minnesota on a quiet night from Anthony Edwards, and the Timberwolves beat the New Orleans Pelicans 125-116 on Thursday night.
J.J. McCarthy has returned to the lineup for the Minnesota Vikings, refreshed after an injury absence to resume his much-delayed development with a better perspective on how to handle this most difficult job.
A White Bear Lake Native, Bill Butters lived a hockey life through and through – playing for coach Herb Brooks at the University of Minnesota before embarking on a pro career throughout most of the 1970s with the Minnesota Fighting Saints and the Minnesota North Stars.
Cade Tyson had 17 points and eight rebounds to help Minnesota upset No. 22 Indiana 73-64 on Wednesday in the Big Ten debut for both head coaches, the Gophers' Niko Medved and the Hoosiers' Darian DeVries.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Minnesotans who welcomed a child in this year can start applying to the state's new paid family and medical leave program to take time off in 2026. In Talking Points, Esme Murphy spoke with Matt Varilek, the commissioner of the state's Department of Employment and Economic Development about the program's rollout and who qualifies for the program.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Minnesota lawmakers and small businesses are scrambling to get a piece of new federal legislation overturned that they say would eliminate Minnesota's hemp industry.
A new federal law threatens the hemp industry that Democratic U.S. Sen. Amy Klobuchar says provides 2,700 Minnesota jobs and has generated $16 million in taxes for the state through nine months in 2025.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
With the holidays fast approaching, and lutefisk on the menu for many families, one Minnesota town has the distinction of being called the "Lutefisk Capital of the Country."
How would you like to own a former Cold War missile site? In Dakota County, Minnesota, there's a one-of-a-kind property that could be yours for the right price.
It's a photograph found in homes across the country, and even overseas. The picture "Grace" shows a man bowing his head in prayer with food and what appears to be a Bible in front of him.
Fall harvest means barns across the Midwest are a busy place — but for a central Minnesota woman, they aren't just farm buildings, they're works of art.
It is the food that is top of mind right now, but did you know more turkeys come from Minnesota than anywhere else in the country?
Minnesota, Minneapolis, Minnehaha, Minnetonka, Minnewaska, Minneota. Those are just some of the place names in "the Land of 10,000 Lakes" featuring "minne" as the first five letters.
As we approach Thanksgiving, we wanted to do a deep dive into gratefulness, and why it makes us feel better.
Many commuters know the Interstate 394 and Interstate 94 interchange seems to back up almost every afternoon. And you face the choice: should you wait in the back of the line or try to get closer and swoop in?
According to the Minnesota Christmas Tree Association, 50% of their farms open before Thanksgiving, which used to be unheard of.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Another Arctic high slides in Saturday, dropping temps again for the weekend, WCCO meteorologist Adam Del Rosso reports.
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.
A weak clipper could bring around an inch of snow to the metro and southern part of the state in the morning and afternoon.
The weak clipper could bring around an inch of snow to the metro and southern part of the state in the morning and afternoon. The sytsem should move out by dusk.
The Twin Cities and southern Minnesota could see some light snow showers Friday, and temperatures will climb after Thursday's frigidity.
Jan Hagerman, from Twin Cities Habitat for Humanity Restore, shares some innovative DIY decoration ideas.
Another Arctic high slides in Saturday, dropping temps again for the weekend, WCCO meteorologist Adam Del Rosso reports.
Pantone said "cloud dancer" is intended to be representative of a clean slate. The reaction online drew attention to its lack of pop, with others inferring political meanings.
A weak clipper could bring around an inch of snow to the metro and southern part of the state in the morning and afternoon.
Minneapolis City Council leaders are set to roll out what they’re calling a “people-centred budget."