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2 Locals Charged in Multimillion-Dollar Mortgage Scams

Derrick Lance is charged for his alleged role in a $20 million mortgage fraud scheme involving 57 properties. Lindsey Rae Loyear, meanwhile, was charged on Friday for her role in a mortgage fraud scheme involving the Cloud 9 Sky Flats development in Minnetonka.

Entertainment Start-Up Secures $600K; St. Thomas Invests

St. Thomas’ William C. Norris Institute has invested $100,000 in the company, Cram Worldwide; the institute’s director is particularly interested in the potential for students to use its multi-touch tablet to access textbooks while ensuring that the content isn’t pirated.