DMH Partners North, LLC, agreed to pay a $75,000 civil penalty to the U.S. and to purchase wetland credits valued at approximately $340,000.
- POLICE & FIRE
Tuesday, March 12
From the U.S. Department of Justice: A Wayzata-based company has entered into an agreement with the federal government to settle allegations that it violated the Clean Water Act by filling a wetland near the Elk River outside of Sauk Rapids without complying with the terms of a permit issued by the United States Army Corps of Engineers. Under the terms of the agreement, filed in the form of a consent decree on March 5, DMH Partners North, LLC, agreed to pay a $75,000 civil penalty to the U.S. and to purchase wetland credits valued at approximately $340,000. In its complaint, the federal government alleged that in August 2008, the Army Corps of Engineers issued DMH a permit under Section 404 of the Clean Water Act in connection with DMH’s …
Frank Vennes, a business associate of Tom Petters who made north of $48 million, pleaded guilty Friday afternoon to one count of securities fraud and one count of money laundering. His co-defendant, James Nathan Fry of Orono, heads to trial this week.
- POLICE & FIRE
Tuesday, February 5
Editor's note: The following is a statement released last week by the U.S. Department of Justice and posted in its entirety. A business associate of Tom Petters, the Minnesota businessman convicted in 2009 of orchestrating a $3.65 billion Ponzi scheme, pleaded guilty Friday afternoon in federal court to fraudulently raising money from individuals and through hedge funds for investment in Petters Company, Inc. (“PCI”). Frank Elroy Vennes, Jr., 55, of Stuart, FL, was charged July 11, 2011 in a Second Superseding Indictment. Vennes’s co-defendant in this case, Orono resident James Nathan Fry, 59, was charged with five related counts of securities fraud, four counts of wire fraud and three counts of making a false statement to the U.S. …