- Associated Press - Saturday, December 19, 2015

ST. PAUL, Minn. (AP) - A Minnesota man who once posed as Scottish nobility now faces federal fraud charges.

Sixty-four-year-old Colin Chisholm was sentenced last January to nearly two years in prison for welfare fraud. On Friday, the U.S. Attorney’s office said Chisholm is accused of stealing more than $2 million from investors in a phony television network startup.

Chisholm was indicted on wire fraud and mail fraud. The Star Tribune (http://strib.mn/1mtzEGf ) reports he made his initial appearance in federal court in St. Paul.

Minnesota Commerce Commissioner Mike Rothman says Chisholm lied to investors who thought they were financing a new business enterprise.

Chisholm and his wife were living in a mansion on Lake Minnetonka and owned a yacht during part of the time they were illegally receiving welfare and other benefits in Minnesota and Florida.

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Information from: Star Tribune, http://www.startribune.com

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