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Minnesota Real Estate Broker Convicted of Exploiting Muslim Homebuyers with Contract for Deed Scheme

Minnesota Real Estate Broker Convicted of Exploiting Muslim Homebuyers with Contract for Deed Scheme

by Phil Hall | Jun 24, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Minnesota real estate broker was found guilty in a jury trial of exploiting Muslim homebuyers in a predatory deed scheme. Chadwick Banken and several companies that he owned were accused offering contract for deed transactions that were promoted as sharia compliant...
Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

by Phil Hall | Dec 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...
Owner of Minnesota Lodge Resort Charged with Torching the Property

Owner of Minnesota Lodge Resort Charged with Torching the Property

by Phil Hall | Dec 5, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The owner of a historic lodge in Lutsen, Minnesota has been arrested for starting the February 2024 fire that destroyed the property. Located along Lake Superior, Lutsen Resort dated back to 1885 and was promoted as Minnesota’s oldest resort. The New York Post...
Minnesota Property Taxes Could Rise by $1 Billion in 2026

Minnesota Property Taxes Could Rise by $1 Billion in 2026

by Phil Hall | Nov 18, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Minnesota could experience a $1 billion increase in property taxes next year, with statewide levies reaching up to $14.6 billion, an increase of 6.9% from 2025. Final property taxes will be determined by the end of the year, and it would be the highest increase of...
Minnesota Real Estate Agent Charged with Multiple Tax Crimes

Minnesota Real Estate Agent Charged with Multiple Tax Crimes

by Phil Hall | Oct 27, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Minnesota Department of Revenue announced the Hennepin County Attorney’s Office has charged Wayzata-based real estate agent Kevin Patrick Mullen with five felony counts of failing to file individual income tax returns and five felony counts of willfully failing to...
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