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Third Person Pleads Guilty in $42M Cloud 9 Scheme

While pleading guilty to two counts for her role in a $42 million scheme involving the Cloud 9 Sky Flats in Minnetonka, Sheri Lynn Delich told the court that she received instructions from Cloud 9's developer Jerry Trooien on how to handle the money she fraudulently received.

U Regents OK Plan for 5% Tuition Hike, Layoffs

The University of Minnesota's Board of Regents approved a provisional budget that would take effect if the funding levels outlined in the higher education finance bill that was vetoed by Governor Dayton were enacted-a circumstance described by the school as the "worst-case scenario."

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U Regents OK Plan for 5% Tuition Hike, Layoffs

The University of Minnesota's Board of Regents approved a provisional budget that would take effect if the funding levels outlined in the higher education finance bill that was vetoed by Governor Dayton were enacted-a circumstance described by the school as the "worst-case scenario."

Best Buy Could Pay Up to $10.2M to Settle Lawsuit

The retail giant has agreed to change its personnel policies and procedures, pay the plaintiffs $200,000, and cover attorney costs and fees of up to about $10 million to settle a discrimination lawsuit that was filed in 2005.

Cos. Near Central Corridor Can Apply for $20K Loans

Independent, for-profit businesses along the Central Corridor light-rail line that have less than $2 million in annual sales and a focus on retail services are eligible to apply for up to $20,000 in interest-free, forgivable loans.

MN Man Charged in $20M Mortgage Fraud Scheme

Federal prosecutors have accused Roger Bill Hanks-about whom very little information is available-of collecting $600,000 in kickbacks in connection with a $20 million mortgage fraud scheme that involved 57 Minnesota properties.

Multiband Offers $22.7M to Buy PA Company

If a merger agreement is reached, Multiband said that the acquisition of Pennsylvania-based WPCS International would add more than $100 million in revenue and between $5 million and $8 million in earnings annually.
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