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In the following press release To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. said that mortgage scams “hurt” the community and that’s why he supports the charges against three people and three companies in connection with a mortgage scam allegedly operating out of the Chaska and Chanhassen area.

Freeman, along with prosecutors Emery Adoradio and Tom Fabel, partnered with the Minnesota Financial CrimesTask Force Commander Chris Omodt to announce the charges and search warrants issued for Scott Rosenlund of 10Spring Homes, Shinon Lindberg of 10Spring Homes and Celeste Skaar of New Day Capital.

The scam allegedly used the good credit rating of individuals coupled with phony annual salaries and employment histories to be approved for bank loans to purchase parcels of land at inflated prices. The difference between the ‘actual’ price of the parcel and the inflated price was allegedly taken by 10Springs and used as kickbacks. The three suspects are charged with racketeering and theft by swindle.
In a KARE TV 11 video news report the DA is shown stating that the scheme was in the region of $10 million, with a profit of around $100,000 on each property with inflated value.

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