Burnsville Man Sentenced for Bilking Mortgage Lenders Out of More Than $43 Million

MINNEAPOLIS, MN – October 17, 2011 – (RealEstateRama) — Earlier today in federal court in St. Paul, a 45-year-old Burnsville man was sentenced for conspiring with others to bilk mortgage lenders out of more than $43 million. United States District Court Judge Richard H. Kyle sentenced Troy David Chaika to 102 months in prison on seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire fraud and mail fraud. Chaika was indicted on April 12, 2010, and was convicted by a jury on May 24, 2011.