Town Center developers negotiate a pl...

Town Center developers negotiate a plea deal

There are 16 comments on the story from Aug 10, 2009, titled Town Center developers negotiate a plea deal. In it, reports that:

A father-son team accused of fraud and money laundering related to the $1.3 million Ramsey Town Center project have negotiated a deal with federal prosecutors, an attorney for one of the defendants said Monday.

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loco mayor

Minneapolis, MN

#1 Aug 11, 2009
"Now it's just a matter of turning it around and getting development to happen," Ramsey said.

there is no demand for this massive development. if there was, the $35mm loan would have been fine and the $8,000 in home landscaping would have been overlooked.

give it up!
Big bubba

Saint Paul, MN

#2 Aug 11, 2009
Another bad group from Forest Lake.....

Saint Paul, MN

#3 Aug 11, 2009
Let me guess, the City of Ramsey will use government money to build a train station for the Northstar line.....they should use their own money!

Milwaukee, WI

#4 Aug 11, 2009
1st of all, it was a 1.3 BILLION dollar development which fell in part due to their scheming greediness.

Now tell me this: How is that Petter's will be going away for life, and these guys get their charges reduced to 1 count each?

This one does not pass the smell test.

Since: Aug 09

Winona, MN

#5 Aug 11, 2009
The appraiser in this mess is dead and these guys pretty much walk. A great country, sin't it?

Since: Jul 08

Brooklyn Park

#6 Aug 11, 2009
It's almost eerie riding through the proposed development area. It seemed like it had promise, but it looks weird with roads and driveways going nowhere. I am disappointed that it won't be completed to it's full glory, but also understand that it is a real estate development. Are all real estate projects corrupt? It seems that way.

Becker, MN

#7 Aug 11, 2009
This father and son team have ruined alot peoples lives. People have died and good businesses have been ruined,while these two drive fancy cars, live in expensive homes and live the good life. They should get more then 18 months, they should get 18 YEARS!!!!

Minneapolis, MN

#8 Aug 11, 2009
It has taken considerable political courage for the Mayor to step into this mess and try to make something for his city! Not often seen today.
Just a thought

Saint Paul, MN

#9 Aug 11, 2009
White collar criminals usually take the most from the rest of society and, as evidenced here, get the least form of punishment when caught. But damnit don't let me see you harm a precious amimal or light up a marijuana joint. You're enemy number one even though no one was hurt financially or other by your actions.

Rice, MN

#10 Aug 11, 2009
WHO OWNS THE PROPERTY ARE THE FBI INVESTIGATINGI ? I HEAR THE CASE is this the same maple wood gruop who for 25 years have been covering up the originial owners of the propert covering there asses for years with differant corrupt judges senators gee lots at stake here hope the fbi gets them
former CNBer

Saint Paul, MN

#11 Aug 11, 2009
Congratulations Ross. Only six months for cheating, lying, stealing and corrupting. Plus you have the suicide blood on your hands of a business associate that you corrupted by forcing him to give you kick backs. Also, good luck on your discussions with the IRS and the coming civil suit. Oh by the way, you just pleaded guilty to corruption, stealing and plunder, so how are you going to claim innocence in civil court when you have already admitted in criminal court that you are a criminal? Thank heavens for a slick attorney.

Also congratulations go to the prosecutors. You have a suicide note, you have tons of evidence, and you can pin only one count out of twenty nine on this guy. Great job.

Milwaukee, WI

#12 Aug 12, 2009
Hey former CNBer. I am guessing you were either involved with Ross, or are a VERY disgruntled former employee. Either way, I agree 100% with what you are saying about the prosecutors.

Could it be that the IRS will be trying these guys criminally, or that they are already ruined financially? Could it be the pending Civil Suits? It must be, otherwise I would see no reason to charge them with 29 counts each, only to let them plead guilty to 1 count later.

Englewood, CO

#14 Aug 12, 2009
Gotta love our legal system
Just a thought

Saint Paul, MN

#15 Aug 13, 2009
I read where a guy got 6months for yawning in court at the sentencing of a relative (In Ohio I believe). The judge called it contempt. What a bunch of hogwash. So we'll feed and house a guy for 6 months on the taxpayors dime because a judge thinks he disrepected the courtroom proceedings? Yes! Justice prevails!
Cartman Tony

Wayne, PA

#16 Aug 17, 2009
Such a bad situation.. At least justice needs to prevail

best regards,
Glad To Be Outta There

Minneapolis, MN

#17 Aug 17, 2009
As a former CNB'r, I can't agree with you more! I cannot believe they are getting away with this.... our credibility for even having this bank on our resume is shot. I have actually removed this from mine. What a flippin joke!

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