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Loan Modification

: Flipping Frenzy

Jonathan Helgason and Thomas Balko Guilty in $35 Million Minneapolis Mortgage Fraud

By Ralph Roberts

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The two owners of a Roseville, Minnesota, real estate company have been sentenced in federal court for mortgage fraud in connection with a scheme involving 162 properties, principally in north Minneapolis, and mortgage proceeds of approximately $35 million. Last week in Minneapolis, MN, U.S. District Court Judge Joan Ericksen sentenced Jonathan Helgason, 46, of Chisago [...]

Full post as published by Flipping Frenzy on April 23, 2009 (boomark / email).

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