Law

Handcuffs

MN Man Gets 5-Yr. Sentence for $11M Ponzi Scheme

Jason Michael Meyer admitted to diverting investors’ funds for his personal use through a fraud scheme that resulted in more than $11 million in losses.

Health care

The Health Care Pandora's Box

Attorneys are helping providers and others navigate the changing health care landscape.

Ex-Digi CFO Reaches Tentative Deal Over SEC Charges

Lawyers for Subramanian Krishnan and the U.S. Securities and Exchange Commission reached a “tentative settlement,” which must be approved by the SEC in Washington, D.C., a process that can take several months, before being sent to a judge for approval.

Handcuffs

2 MN Men to Pay $4.8M, Serve Sentences for Mortgage Fraud

Chad Arthur Anderson received a five-year sentence, while Troy Allen Huston was sentenced to four years and nine months; their fraud scheme involved 32 Minnesota properties.

Gavel

Former Petters Associate Vennes Makes Last-Minute Guilty Plea

Frank Vennes struck a plea agreement just days before he was scheduled to go on trial; he faces up to 15 years in prison.

Money

Mosaic, Other Potash Cos. Pay $98M to Settle Antitrust Suit

The Mosaic Company’s share of the settlement, which requires court approval, is $43.75 million; none of the companies admitted wrongdoing.

Gavel

Former Bank Mgr. Gets 2 Yrs. for Stealing from Minnwest

Barbara Kaye Rechtzigel, former senior operations manager at Minnwest Bank in Marshall, embezzled money for her personal use, primarily to pay off shopping debts.


Eight Detained Following Raid of Sparboe Farms

The Litchfield-based egg producer said several individuals were detained on “administrative charges,” which are reportedly used in cases when people are suspected of immigration violations.

Dollar bills

U.S. Bank, Wells Fargo Part of $8.5B Deal with Regulators

U.S. Bancorp said that its portion of the $8.5 billion settlement includes $80 million in cash and about $128 million in mortgage assistance services; Wells Fargo, meanwhile, will pay $766 million in cash.

Gavel

Beckman, Others Sentenced in $194M Cook Ponzi Scheme

Jason “Bo” Beckman was given the harshest sentence of three co-defendants, receiving 30 years in prison; Patrick Kiley’s sentencing, meanwhile, was moved to a later date.

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