Finally, charges in the TJ Waconia Case, from the Star-Tribune:
A Roseville firm involved in hundreds of real estate deals in the Twin Cities area was charged Friday with a single count of mail fraud resulting from a federal mortgage fraud investigation.
That’s it? A single count? For one of the poster children for mortgage fraud in the Twin Cities?
The charge suggests that a plea deal may have been reached and that federal attorneys may be looking at charges higher up the lending chain, according to those who have prosecuted white-collar crime.
Looks like we will see a plea agreement in the near future. This also strongly indicates that TJ Waconia’s principals have been cooperating with the FBI and others in building a case against other involved parties.
This seems to be how things work – remember Jill Lehn’s words:
Then, I got another visit from the FBI.
“Jill, we need to charge you now to go forward with the rest of our cases. You need to find a really good criminal defense attorney that specializes in money laundering and wire fraud.”