Colin and Andrea Chisholm from Deephaven, Minnesota are under arrest for wrongfully collecting $165,000 through welfare fraud, while Colin was president and CEO of TCN network, a satellite TV company serving the Caribbean. The couple had a $1.5 million yacht, a six-bedroom lakeside home, a beach property in Florida and a $30,000 Lexus. They also had $3 million in bank accounts that they failed to declare while claiming government assistance.
Chisholm’s ex-wife Virginia revealed how, while married to Chisholm, he allegedly took her $70,000 401 K savings, ran up $40,000 on his daughter’s credit card, failed to pay a single dollar in alimony and forced her to file for bankruptcy. She saw her dream home go into foreclosure after he failed to pay the mortgage.