Champlin Woman Pleads Guilty to Fraudulently Obtaining Loan Proceeds in TJ Waconia Mortgage Fraud Scheme

April 18, 2011 – (RealEstateRama) — Earlier today in federal court in Minneapolis, a 49-year-old Champlin woman pleaded guilty to her role in a mortgage fraud scheme involving at least 200 properties—principally in north Minneapolis—and mortgage proceeds of approximately $35 million. Gayle Deann Claus pleaded guilty to one count of conspiracy to commit mail and wire fraud. Claus, who was indicted on June 15, 2010, along with two co-defendants, entered her plea before United States District Court Judge David S. Doty.