April 26, 2010 – (RealEstateRama) — Two Prior Lake men and a man from California were charged in a federal indictment unsealed today in the District of Minnesota. The indictment, originally filed with the U.S. District Court in Minneapolis on April 21, 2010, alleges that Beau Wesley Gensmer, age 28, and Christopher Glenn Kennedy, age 30, both of Prior Lake, along with Cameron Roland Baird, age 29, of Los Altos, California, orchestrated a scheme to defraud mortgage lenders out of $3.1 million by causing mortgage loans to be funded based on false information. Specifically, each defendant was charged with 15 counts of wire fraud, one count of wire fraud conspiracy, and two counts of engaging in a monetary transaction derived from unlawful activity.
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