Joe Cole IPM - Colleen Wallin, Renee Manning DMW

check:

colleen pearl sweeney

colleen pearlwallin

colleen pearl wallin cole

realestate FRAUD

Local Real Estate Agent Gets 8.5 Yrs. For $43M Fraud

Troy David Chaika was sentenced to more than eight years in prison for allegedly defrauding mortgage lenders of a total of $43 million.

A local real estate agent was sentenced on Thursday to eight-and-a-half years in prison for his alleged role in a $43 million mortgage scheme that involved more than 100 Twin Cities residential property deals, Minnesota’s U.S. attorney’s office announced.

Troy David Chaika—a 45-year-old Burnsville resident—was found guilty in May of seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire and mail fraud.

Between 2005 and 2008, Chaika conspired with Prior Lake resident Dustin Lee LaFavre and others to fraudulently obtain money through more than 100 residential property transactions, according to the attorney’s office.

Chaika, LaFavre, and other co-conspirators allegedly negotiated with builders and property owners to buy properties in bulk at discounted prices. They then solicited buyers, quoting them inflated prices while offering them kickbacks or large cash payouts.

Once they found a buyer for a property, the conspirators would draft a purchase agreement that reflected the inflated sale price and that did not disclose to lenders the kickback amounts. By charging the buyers inflated prices, the conspirators acquired enough cash from loan proceeds to pay the buyers their kickbacks and still have money left for themselves.

In some cases, Chaika, LaFavre, and others involved in the scheme worked with buyers and mortgage loan officers to prepare false documents to use in the mortgage applications. They also lent some buyers money to use for down payments or to pad their bank balances to help them qualify for larger mortgages without disclosing those payments to the lenders.

LaFavre—who pleaded guilty in December 2009—was sentenced in September to four years in prison on one count of conspiracy.

Tax list wrote:

Check out attached - they will soon be on the list !
**********
A week after the Minnesota Department of Revenue launched a Web site listing businesses delinquent on their sales tax payments, the agency has collected $124,000 owed to the state.
Minnesota, the only state to list businesses that have not paid the tax, launched the Web site to encourage businesses to pay. To date, four companies have paid money they owed to the state.
"This is exactly the type of success we were hoping for by putting this list on our Web site," said Revenue Commissioner Ward Einess. "It is important that every individual and business pay the state exactly what is owed. Customers paying sales tax trust these businesses to comply with the law."
Once the tax is paid, the company's name is removed from the list and its sales tax permit is reinstated.
The list can be found at www.taxes.state.mn.us/taxes/collection/other_... .

Fraud and financial misdeeds were major themes of real estate license revocations in the first half of 2010.

The Minnesota Department of Commerce revoked the licenses of 12 real estate professionals and three companies from January through June. Eight of the revocations were accompanied by fines, and I drew information on their misconduct from department orders and opinions of the Office of Administrative Hearings.

All those listed below, with the exception of Colleen P. Cole, DMW Properties and William J. Bernier, consented to the department's order.

There are roughly 33,600 real estate-related licenses on file with the state.

Colleen P. Cole, formerly Colleen P. Wallin, New Hope, salesperson ($100,000 fine)

DMW Properties Inc.,($100,000 fine)

Through companies she co-owned, including DMW, Cole bought property in Brooklyn Park and secured a $19 million construction loan to build senior housing. Cole sold planned condos for as much as $540,000.

She and her companies failed to complete the construction, defaulted on the loan, neglected to properly document the buyers' purchases or reimburse them, according to the department.

FRAUD BOY wrote:

Not so fast Fraud Boy, our group has several documents with a sales tax line item listed. Already passed along to the propper authorities.
<quoted text>

Yes, seaver go get them all !

Hecker Trustee Seeks Assets; Rowan Released from Jail

The trustee handling Denny Hecker’s bankruptcy case is reportedly on the hunt for more hidden assets. Hecker’s wife, meanwhile, has been released from prison and is in some form of supervised custody.

Despite the fact that he’s currently serving a 10-year prison sentence, fallen auto mogul Denny Hecker is generating headlines once again.

According to a recent report by the Pioneer Press, Randy Seaver, the trustee handling Hecker’s bankruptcy case, appears to be on the hunt for more hidden assets.

Seaver on Wednesday reportedly asked for permission to question several people close to Hecker about his financial affairs. He also wants the Federal Bureau of Prisons to turn over all e-mails exchanged between Hecker and his wife, Christi Rowan.(Hecker and Rowan married by phone earlier this year.) A hearing on the motion is scheduled for January 4, according to the Pioneer Press.

David Leibowitz, a trustee in Chicago who has followed the Hecker case, told the St. Paul newspaper that the move is aligned with “the aggressive manner in which Seaver has handled the case up until now,” and Seaver likely believes Hecker “is being aided and abetted in prison, and he’s trying to see what the sources and uses of the funds might be.”

Read more in the Pioneer Press here.

In related news, Rowan has reportedly been released from prison after serving nearly 10 months for bank fraud and bankruptcy fraud. She received a 14-month sentence in March.

The Star Tribune reported that Rowan was recently released from an Illinois prison and remanded to the custody of the Minneapolis Community Corrections division. She has been assigned a case manager and is “in transition,” meaning she is in a work-release jail, halfway house, or some other form of supervised custody, the Minneapolis newspaper reported.

Her official release from corrections custody is scheduled for late February. But prisoners are typically transferred to some form of “transitional” housing one to six months before their official release date, and pending good behavior, they may be allowed to return to their homes, a Minneapolis Community Corrections official told the Star Tribune. He declined, however, to disclose where Rowan is in that process.

FRAUD BOY wrote:

Not so fast Fraud Boy, our group has several documents with a sales tax line item listed. Already passed along to the propper authorities.
<quoted text>

All those listed below, with the exception of Colleen P. Cole, DMW Properties, consented to the department's order.

There are roughly 33,600 real estate-related licenses on file with the state.

Colleen P. Cole, formerly Colleen P. Wallin, New Hope, salesperson ($100,000 fine)

DMW Properties Inc.,($100,000 fine)

Through companies she co-owned, including DMW, Cole bought property in Brooklyn Park and secured a $19 million construction loan to build senior housing. Cole sold planned condos for as much as $540,000.

She and her companies failed to complete the construction, defaulted on the loan, neglected to properly document the buyers' purchases or reimburse them, according to the department.

^^^

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
<quoted text>

The investigation into this matter continues. It is being conducted by the Internal Revenue
Service-Criminal Investigation Division, the U.S. Postal Inspection Service, and the Federal
Bureau of Investigation. These actions are being prosecuted by Assistant U.S. Attorney

henn county records wrote:

joe cole read all about your strange bed fellow habits, 75,000 out of court settlement ! where did you come up with that money, we are reviewing it.
<quoted text>

Securities fraud just like the PLP / with 25 million insurance policy - will direct govt. to IPM - DMW with questions to answer.

Bixby had been charged with one count of securities fraud, and the Ramsey-based company admitted in a deal with prosecutors last week that former officers and agents had defrauded investors of as much as $7 million.

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
<quoted text>

keith wrote:

where have you been LosT aka cole wallin circus. read the local paper today ? mortgage fraud !
<quoted text>

manning wallin cole

Last year alone, the Commerce Department's Enforcement unit took action against 508 companies and individuals and assessed nearly $4.8 million in fines. More than 200 of those actions were against individuals or entities in the real estate, mortgage or appraisal industries.
"Our involvement in these cases doesn't stop with a fine or license suspension," Rothman said. "Our investigators work closely with law enforcement, including our own Insurance Fraud unit, and criminal prosecutors to make sure the criminals in the industries we license are brought to justice."

Robert Thompson is charged with four counts of each of the following: failure to file income tax returns, failure to remit a tax, failure to remit sales tax, failure to file sales tax returns, failure to pay over state funds and one count of failure to submit a motor vehicle purchaser’s certificate with intent to evade tax.

Susan Thompson is charged with four counts of failure to file income tax returns and four counts of failure to remit taxes.

According to the complaint, Robert is part owner of CI Construction, LLC in Alexandria, among other businesses, and the couple has not filed state income tax returns or paid tax due since 1998. The Thompsons live in Alexandria and their vehicles, including two Jaguars and a Cadillac TDS, are registered to Robert at their Alexandria address.

The complaint states that in February 2010, Thompson traded a 2005 recreational vehicle for a 2009 model in Texas. After trade-in, the cost of the motor home was $99,000. A receipt shows no tax was charged for the purchase. Thompson purchased the vehicle in the name of CI Construction Management, LLC, a business he registered with the state of Montana.

During an investigation, Minnesota Department of Revenue investigators photographed the motor home at CI Construction, LLC in Alexandria and later found it inside the business’s warehouse during the execution of a search warrant. An employee also told investigators Thompson mentioned it was cheaper to register a motor home in Montana. The sales tax owed on the motor home is more than $12,000.

Tax list wrote:

Check out attached - they will soon be on the list !
**********
A week after the Minnesota Department of Revenue launched a Web site listing businesses delinquent on their sales tax payments, the agency has collected $124,000 owed to the state.
Minnesota, the only state to list businesses that have not paid the tax, launched the Web site to encourage businesses to pay. To date, four companies have paid money they owed to the state.
"This is exactly the type of success we were hoping for by putting this list on our Web site," said Revenue Commissioner Ward Einess. "It is important that every individual and business pay the state exactly what is owed. Customers paying sales tax trust these businesses to comply with the law."
Once the tax is paid, the company's name is removed from the list and its sales tax permit is reinstated.
The list can be found at www.taxes.state.mn.us/taxes/collection/other_... .

sound and smells like a cole wallin scam, they are still active in this area, keep doing your research.

In a case stemming from the mortgage meltdown that led to the financial crisis, a former bond trader has pleaded guilty to charges that he overstated the prices of debt while working at Credit Suisse in 2007 and 2008.

David Higgs pleaded guilty to the charge of conspiracy to commit the falsification of books and records and wire fraud, according to the office of the U.S. Attorney for the Southern District of New York.

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
<quoted text>

cole wallin did the same thing at living word christian church, they took advantage of our faith and friendship.

Introduced at prayer meeting

Integrity Dominion is operated by three principals, including Gueorgui "George" Bakalov of Apple Valley. The lawsuit says Bakalov was introduced to Lazy Deuce in October 2010 by Minneapolis resident Jeff Hagen, its director of business development. Hagen, who runs a Christian-based business ministry called Hill Cities Inc., met Bakalov at some prayer meetings.

Hagen told Bakalov that he had been able to pay all of his living expenses solely from income he had received from the investments he had made in Lazy Deuce, the suit says.

"I had a lot of money in there," Hagen said in an interview. He said he was not paid a salary or commissions for his fund-raising and is a creditor of Lazy Deuce, just like Integrity Dominion.

The suit says Baldwin pitched Lazy Deuce as a company that made high-interest, short-term loans to companies with "exotic" collateral that ordinary financial institutions wouldn't touch. "Baldwin claimed to be an expert in this area, and Lazy Deuce's methods of collateralizing a wide range of assets were said to be highly sophisticated and closely guarded secrets," the suit says.

http://www.startribune.com/local/138570344.ht...

govt works wrote:

Fraud and financial misdeeds were major themes of real estate license revocations in the first half of 2010.
The Minnesota Department of Commerce revoked the licenses of 12 real estate professionals and three companies from January through June. Eight of the revocations were accompanied by fines, and I drew information on their misconduct from department orders and opinions of the Office of Administrative Hearings.
All those listed below, with the exception of Colleen P. Cole, DMW Properties and William J. Bernier, consented to the department's order.
There are roughly 33,600 real estate-related licenses on file with the state.
Colleen P. Cole, formerly Colleen P. Wallin, New Hope, salesperson ($100,000 fine)
DMW Properties Inc.,($100,000 fine)
Through companies she co-owned, including DMW, Cole bought property in Brooklyn Park and secured a $19 million construction loan to build senior housing. Cole sold planned condos for as much as $540,000.
She and her companies failed to complete the construction, defaulted on the loan, neglected to properly document the buyers' purchases or reimburse them, according to the department.
<quoted text>

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
<quoted text>

$$$$$$$$$$

Local Toy Co. Owner Gets 5.5 Yrs. in $9M Fraud

Sandra Lee Calkins defrauded Stillwater-based Central Bank and 42 investors out of approximately $9 million by misrepresenting the financial situation of her Edina-based company, Princess Soft Toys.

The owner of a local toy company was sentenced Wednesday to five-and-a-half years in prison for defrauding a bank and 42 investors out of roughly $9 million, according to the U.S. Attorney’s Office in Minnesota.

Sandra Lee Calkins, 67, was the owner of Edina-based Princess Soft Toys, Inc. She was charged on April 29 with one count of bank fraud and pleaded guilty on May 26.

In her plea agreement, Calkins admitted that between January 2008 and March 2010, she falsified financial statements about her company in order to renew a $3.25 million line of credit at Stillwater-based Central Bank, according to the attorney’s office.

Calkins, who handled financial affairs for Princess Soft, admitted that she included on such statements inaccurate information relative to revenue and net assets.

Based on Calkins’ falsified documents, Central Bank renewed the credit line, and Calkins ultimately drew $3.6 million from it. Central Bank suffered a loss of approximately $1.6 million.

In addition to defrauding Central Bank, Calkins also admitted in her plea agreement that she misrepresented Princess Soft’s financial situation to investors—who collectively experienced losses in excess of $7 million, the attorney’s office said.

According to Minnesota Public Radio, Princess Soft closed in 2010, and Connecticut-based toymaker Melissa & Doug bought the brand. Princess Soft’s website now contains a message that reads,“Coming soon to the Melissa & Doug family.”

keep researching all connections

$$$$$$$$$$

Kelley: Crown Bank Was “Integral Part” of Petters Scheme

Crown Bank was sued by the receiver in the Petters bankruptcy case, and it also faces accusations of fraud from Nevada-based Beal Bank—but the Edina-based bank has denied any wrongdoing and says the cases don’t raise questions about its overall operations.

colleen pearl sweeney aka wrote:

check:
colleen pearl sweeney
colleen pearlwallin
colleen pearl wallin cole
realestate FRAUD
Local Real Estate Agent Gets 8.5 Yrs. For $43M Fraud
Troy David Chaika was sentenced to more than eight years in prison for allegedly defrauding mortgage lenders of a total of $43 million.
A local real estate agent was sentenced on Thursday to eight-and-a-half years in prison for his alleged role in a $43 million mortgage scheme that involved more than 100 Twin Cities residential property deals, Minnesota’s U.S. attorney’s office announced.
Troy David Chaika—a 45-year-old Burnsville resident—was found guilty in May of seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire and mail fraud.
Between 2005 and 2008, Chaika conspired with Prior Lake resident Dustin Lee LaFavre and others to fraudulently obtain money through more than 100 residential property transactions, according to the attorney’s office.
Chaika, LaFavre, and other co-conspirators allegedly negotiated with builders and property owners to buy properties in bulk at discounted prices. They then solicited buyers, quoting them inflated prices while offering them kickbacks or large cash payouts.
Once they found a buyer for a property, the conspirators would draft a purchase agreement that reflected the inflated sale price and that did not disclose to lenders the kickback amounts. By charging the buyers inflated prices, the conspirators acquired enough cash from loan proceeds to pay the buyers their kickbacks and still have money left for themselves.
In some cases, Chaika, LaFavre, and others involved in the scheme worked with buyers and mortgage loan officers to prepare false documents to use in the mortgage applications. They also lent some buyers money to use for down payments or to pad their bank balances to help them qualify for larger mortgages without disclosing those payments to the lenders.
LaFavre—who pleaded guilty in December 2009—was sentenced in September to four years in prison on one count of conspiracy.
<quoted text>

cole sold securities without a license, time to follow-up.

Delano businessman Gary Collyard pleaded guilty Tuesday in Hennepin County District Court to five felony tax charges, but that may not be the end of his trouble.

Collyard, dressed in a perfectly tailored dark blue suit, admitted to charges that he willfully avoided the payment of about $63,000 in state income taxes between 2006 and 2008. As a condition of his plea agreement, he must assist with a formal audit of his business operations.

According to court records and former employees, Collyard has acted as a real estate broker without a license, has misrepresented himself as a lawyer and has sold securities without a license. They point to court judgments and multimillion-dollar settlements showing that Collyard has stiffed banks, business associates and former girlfriends.

Collyard, 62, was convicted in federal court in 1998 for filing fraudulent tax returns, statements or other documents, a misdemeanor. He was sentenced to two years of probation and 200 hours of community service.

State sentencing guidelines call for up to 18 months in prison on his new tax charges, but any prison term would be stayed while he's on probation. Fabel said the county attorney wants one of those conditions to be that he serve a year in the workhouse.

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
<quoted text>

it is on the way for cole wallin manning

$7 Billion Ponzi Scheme

A federal jury on Tuesday convicted R. Allen Stanford, a Texas financier, on 13 out of 14 counts of fraud in connection with a worldwide scheme that lasted more than two decades and involved more than $7 billion in investments.

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
<quoted text>

want to lol check her facebook

colleen pearl cole

I love to travel and see the world. I love sailing. I love spending time with my children and Jennah's boyfriend, Mark and Jason's girlfriend, Amber. My children are the greatest!! I am truly blessed. God has also blessed me with a wonderful husband who is my best friend and my four beautiful step children. I am also blessed with many wonderful friends who I enjoy spending time with. My friends also are very supportive when going through a rough spell. I am also blessed with great parents. My mom and dad are the best and always there for me. I also have two great brothers and several great nieces and nephew, Sammy, Sara, Jessa, Trynity and Kaleb.

I love music of all types. I love art shows, teaching and doing art. I love my church, Pastors and singing in the gospel choir. One of my favorite things to do is go to the farmers market.

better warn the church they are attending !!

$$$$$$$$$$

colleen pearl sweeney aka wrote:

check:
colleen pearl sweeney
colleen pearlwallin
colleen pearl wallin cole
realestate FRAUD
Local Real Estate Agent Gets 8.5 Yrs. For $43M Fraud
Troy David Chaika was sentenced to more than eight years in prison for allegedly defrauding mortgage lenders of a total of $43 million.
A local real estate agent was sentenced on Thursday to eight-and-a-half years in prison for his alleged role in a $43 million mortgage scheme that involved more than 100 Twin Cities residential property deals, Minnesota’s U.S. attorney’s office announced.
Troy David Chaika—a 45-year-old Burnsville resident—was found guilty in May of seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire and mail fraud.
Between 2005 and 2008, Chaika conspired with Prior Lake resident Dustin Lee LaFavre and others to fraudulently obtain money through more than 100 residential property transactions, according to the attorney’s office.
Chaika, LaFavre, and other co-conspirators allegedly negotiated with builders and property owners to buy properties in bulk at discounted prices. They then solicited buyers, quoting them inflated prices while offering them kickbacks or large cash payouts.
Once they found a buyer for a property, the conspirators would draft a purchase agreement that reflected the inflated sale price and that did not disclose to lenders the kickback amounts. By charging the buyers inflated prices, the conspirators acquired enough cash from loan proceeds to pay the buyers their kickbacks and still have money left for themselves.
In some cases, Chaika, LaFavre, and others involved in the scheme worked with buyers and mortgage loan officers to prepare false documents to use in the mortgage applications. They also lent some buyers money to use for down payments or to pad their bank balances to help them qualify for larger mortgages without disclosing those payments to the lenders.
LaFavre—who pleaded guilty in December 2009—was sentenced in September to four years in prison on one count of conspiracy.
<quoted text>

check

colleen pearl cole

joseph anthony cole

renee m manning

A Minnesota man has been sentenced to 8 years in prison for bilking investors of millions of dollars in a house flipping scheme.

Prosecutors say 47-year-old Robert Dufresne solicited investors in Minnesota and other states in a plan to buy, remodel and resell residential properties between 2005 and 2008. Instead of turning over the profits to investors, officials say he used the money personally and counted on new sources of cash to pay off earlier investors.

The Cottage Grove man pleaded guilty to money laundering and mail fraud. The St. Paul Pioneer Press reports a federal judge has also ordered Dufresne to pay more than $6.5 million in restitution.

keith wrote:

where have you been LosT aka cole wallin circus. read the local paper today ? mortgage fraud !
<quoted text>

now it is colleen pearl cole ?

when did they gret married ?

here you go cole wallin wrote:

having fun now collen wallin cole ?
Another mortgage fraud mastermind was sentenced to federal prison on Tuesday.
This time, Molly L. Heise, 50, of Chaska, was sentenced to nearly six years behind bars for a money-laundering scheme involving more than $2.5 million from the clients of her real estate closing company, Profile Title and Escrow.
U.S. District Judge John Tunheim sentenced Heise to 70 months in prison and three years supervised release. He also ordered Heise to pay more than $3.9 million in restitution.
Heise was the president and sole shareholder of Profile in 2002 and 2003. Profile accepted hundreds of millions of dollars in wire transfers and check deposits from buyers and lenders to be held in an escrow account for closing real estate deals.
Chicago Title Insurance Co. was the underwriter for Profile and required Profile to deposit the funds into an account that Chicago Title monitored.
But Heise diverted some of those funds into a secret escrow account, using that money to pay for personal expenses. She pleaded guilty on Feb. 20 to diverting $3.7 million to her secret account.
Another woman, Christine A. Hein, 38, of Buffalo, also pleaded guilty in the case. Hein was Profile's chief financial officer in 2002 and 2003 and was responsible for accounting and reconciling money held in trust by Profile to close real estate transactions.
Hein knew about the secret escrow account. On Aug. 13, 2003, she wrote a check from the account for more than $134,000 and used it to purchase a home.
Hein was sentenced on July 14 to two years probation.
The FBI and the Internal Revenue Service-Criminal Investigation Division investigated the case.
The Profile case is the most recent of several major mortgage fraud cases to conclude in the past several weeks. The others involved the $100 million Parish Marketing scheme and cases against Universal Mortgage and First Rate Mortgage.
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lol facebook

colleen pearl cole

I love to travel and see the world. I love sailing. I love spending time with my children and Jennah's boyfriend, Mark and Jason's girlfriend, Amber. My children are the greatest!! I am truly blessed. God has also blessed me with a wonderful husband who is my best friend and my four beautiful step children. I am also blessed with many wonderful friends who I enjoy spending time with. My friends also are very supportive when going through a rough spell. I am also blessed with great parents. My mom and dad are the best and always there for me. I also have two great brothers and several great nieces and nephew, Sammy, Sara, Jessa, Trynity and Kaleb.

I love music of all types. I love art shows, teaching and doing art. I love my church, Pastors and singing in the gospel choir. One of my favorite things to do is go to the farmers market.

henn county records wrote:

joe cole read all about your strange bed fellow habits, 75,000 out of court settlement ! where did you come up with that money, we are reviewing it.
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served wrote:

renee manning has been served, time to tell the truth and save your self from falling with cole-wallin llc
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more fraud from the slime industry -

Joseph W. Traxler—who taught a fraud class at the Minnesota School of Business in Shakopee—also must pay $5.4 million in restitution.

A business school educator and former mortgage company executive has been sentenced to five years in prison for his role in a fraud scheme that defrauded banks of $8 million, the U.S. Attorney’s Office in Minnesota announced Tuesday.

Joseph W. Traxler, 64, of Bloomington, was also ordered to pay $5.4 million in restitution. His sentence was handed down Tuesday in Minneapolis by U.S. District Court Judge David S. Doty.

Traxler used to be an accountant, senior vice president, and chief financial officer for now-defunct Centennial Mortgage and Funding, Inc.—and he taught at the Minnesota School of Business in Shakopee. According to the school, he joined the faculty in 2009; the Star Tribune reported that he chaired the school’s accounting program and taught a fraud course there three times.

Traxler was charged in September and pleaded guilty in October. In his plea agreement, he admitted that in 2007 and 2008, he used funds intended for mortgage loans to cover Centennial’s operating losses and to fund its payroll and other expenses.

According to the U.S. Attorney’s Office, Traxler and others working with him misrepresented the status of mortgage loans to get banks to advance money to Centennial, concealed loan defaults from lenders, and hid the fact that 23 mortgage loans were double-funded.

Traxler admitted that he also engaged in check kiting—a type of deposit fraud that involves floating worthless checks between accounts in order to create the illusion of having a balance from which money can be withdrawn. The accounts show inflated balances that enable checks to be honored even when there are insufficient funds—essentially taking advantage of the time it takes a check to clear.

The Star Tribune reported that Traxler agreed not to file an appeal if he was given less than five-and-a-quarter years in prison; the government reportedly sought a term of six-and-a-half years.

always watching you three -

MINNEAPOLIS—Yesterday in federal court in St. Paul, one of the owners of Gamma Vacuum, located in Shakopee, pleaded guilty to failing to pay federal income and employment taxes withheld from workers. Stephen Paul Clough specifically pleaded guilty to one count of willful failure to pay over tax. Clough, who was charged on April 27, 2012, entered his plea before United States District Court Judge Richard H. Kyle.

In his plea agreement, Clough admitted that from 2003 to 2010, he failed to pay the Internal Revenue Service (“IRS”) appropriate income and employment taxes withheld from the wages of the employees at the company. Clough was solely responsible for Gamma Vacuum’s bookkeeping, including the withholding and payment of payroll taxes. Instead of making those payments, he admittedly used the funds to pay company expenses. Gamma Vacuum manufactures pumps and related products. Clough’s criminal behavior resulted in a tax loss to the IRS of $944,134.29.

For his crime, Clough faces a potential maximum penalty of five years in prison. Judge Kyle will determine his sentence at a future hearing. This case is the result of an investigation by the IRS-Criminal Investigation Division. It is being prosecuted by Assistant U.S. Attorney William J. Otteson.

watch dog group wrote:

Here you go JOE COLE COLLEEN WALLIN RENEE MANNING - your buddy @ TJ Waconia
As foreclosures escalated in Minneapolis, city leaders and neighborhood activists decided that suing lenders and investors for control of vacant properties would be part of their revitalization strategy.
The city's previously buoyant real estate market had attracted investors who snapped up homes in working-class neighborhoods, Housing Director Tom Streitz says. He says some of those investors inflated the appraisals and then sold the property for quick profits. "They've left a wave of devastation that's just disgusting," Streitz says.
North Minneapolis community advocate and resident Bonnie Moore, who began tracking home sales and foreclosures in three north Minneapolis neighborhoods in late 2005, noticed a pattern: TJ Waconia bought property, then sold it a few months later at a significantly higher price.
She and Roberta Englund, executive director of the Folwell Neighborhood Association, brought the information to Minneapolis Council President Barbara Johnson, who called the FBI.
The Folwell neighborhood joined with two other neighborhoods and the city to seek control of houses abandoned by the TJ Waconia owners. In a separate criminal case, those owners pleaded guilty April 17 to mortgage fraud.
"We want control of the properties," Minneapolis Mayor R.T. Rybak says. "The simplest thing you can do to stabilize a neighborhood is to have a strong homeowner. When you lose a neighbor, you have a house that's boarded up and a magnet for crime."
In nearby Hawthorne, the Community Council had tried to buy foreclosed and vacant homes so a non-profit group could rebuild them into an energy-efficient "Eco-Village."
After unsuccessfully attempting to buy the property at 415 31st Ave. North, the council sued CitiMortgage. CitiMortgage did not return calls seeking comment.
"We know we're breaking some new legal ground here," says Jeffrey Skrenes, the council's housing director, "but we think we've got a good case."
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