Champlin Woman Pleads Guilty to Fraudulently Obtaining Loan Proceeds in TJ Waconia Mortgage Fraud Scheme

Champlin Woman Pleads Guilty to Fraudulently Obtaining Loan Proceeds in TJ Waconia Mortgage Fraud Scheme

April 18, 2011 – (RealEstateRama) — Earlier today in federal court in Minneapolis, a 49-year-old Champlin woman pleaded guilty to her role in a mortgage fraud scheme involving at least 200 properties—principally in north Minneapolis—and mortgage proceeds of approximately $35 million. Gayle Deann Claus pleaded guilty to one count of conspiracy to commit mail and wire fraud. Claus, who was indicted on June 15, 2010, along with two co-defendants, entered her plea before United States District Court Judge David S. Doty.

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