Cloud 9 Sky Flats was developed into condominiums by St. Paul-based businessman Jerry Trooien — who has not been charged in the fraud case, which occurred during the housing boom of 2006 and 2007. However, nine other people have been charged.Eagan leader of real estate fraud scheme gets prison Minneapolis Star TribuneProbation for man in Cloud 9 condo fraud case Minneapolis / St. Paul Business Journal (blog)Trooien executive gets year in fraud case Pioneer Pressall 4 news articles »
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Source: Mortgage Daily