Minnesota Men Convicted In Straw Buyer, Home Flipping Mortgage Fraud Scam Involving $100M In Fraudulently Obtained Loans

In Minneapolis, Minnesota, the Minneapolis Star Tribune reports:

• Two metro-area men have been found guilty of racketeering and multiple counts of theft in Hennepin County District Court for their role in one of the state's largest mortgage fraud cases, worth approximately $100 million. Shinon Lindberg, of Greenwood, and Scott R. Rosenlund, of Chaska, were convicted by a Hennepin County jury Thursday. [... Mortgage broker Celeste] Skaar pleaded guilty this spring to one count of racketeering.

For more, see Two guilty in mortgage fraud (The scheme used straw buyers to purchase homes in the southwest metro at inflated prices).

For story updates, see:

• 2-20-09: Chaska man is sentenced seven years in mortgage scheme (He ends up jailed right away after heated hearing over appeals. Sentencing for cohort was delayed until early March),
• 3-4-09: Partner gets 7 years in mortgage fraud case (The judge sentenced a second defendant in the $6 million scheme involving the 10Spring Homes).

Go here for earlier posts on this story.