Scott Rosenlund of 10Spring Homes, Shinon Lindberg of 10Spring Homes and Celeste Skaar of New Day Capital have been charged by Hennepin County Minnesota District Attorney Mike Freeman for mortgage fraud. Freeman said that mortgage scams "hurt" the community and that's why he supports the charges against the three aforementioned individuals and companies in connection with a mortgage scam allegedly operating out of the Chaska and Chanhassen, Minnesota, area.
Freeman, along with prosecutors Emery Adoradio and Tom Fabel, partnered with the Minnesota Financial CrimesTask Force Commander Chris Omodt to announce the charges and search warrants. The scam allegedly used the good credit rating of individuals coupled with phony annual salaries and employment histories to be approved for bank loans to purchase parcels of land at inflated prices. The difference between the 'actual' price of the parcel and the inflated price was allegedly taken by 10Springs and used as kickbacks. The three suspects are charged with racketeering and theft by swindle.


Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.