MINNEAPOLIS (AP) - A Minnesota couple who allegedly lived in expensive homes and owned a yacht while taking more than $160,000 in state welfare benefits has been arrested.
Colin Chisholm III, 62, and Andrea Chisholm, 54, are being held in Florida, according to WCCO-TV (http://cbsloc.al/1s4Cb87).
They were deported from the Bahamas on Monday and arrested when they landed near Fort Lauderdale, Fla., according to the Hennepin County Attorney’s Office. The Chisholms’ son and dog were turned over to family members.
They are expected to appear in extradition court Wednesday to say whether they will fight extradition.
The Chisholms are charged with a one count of wrongfully obtaining public assistance more than $35,000, a felony charge.
MINNEAPOLIS (AP) - Minnesota Timberwolves owner and printing company billionaire Glen Taylor has signed a letter of intent to buy the Minneapolis Star Tribune, the newspaper announced Tuesday.
Details of the cash offer weren’t announced, and Taylor wouldn’t elaborate in an interview with The Associated Press. He said he expected the deal to close in May following due diligence.
“I think it’s going to be a good business decision and also because it’s a Minnesota type of asset,” Taylor said. “I just think it’s something we can do very well in the state and get it back to private ownership and I think the challenge of it is something that just excites me.”
The sale would put Minnesota’s largest newspaper in the hands of one of the state’s richest men. Forbes estimated Taylor’s net worth to be $1.8 billion. Privately held Taylor Corp. has 80 subsidiaries and 9,000 employees working in a range of printing and marketing businesses. Taylor, 72, also owns the WNBA’s Minnesota Lynx.
Like many U.S. newspapers, the Star Tribune endured difficult financial times in the past decade. It fell into bankruptcy, emerging in 2009 under the ownership of its lenders. Wayzata Investment Partners and GE Capital together own about 75 percent of the Star Tribune.