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.
Oh, and she says her ex completely made up his title of “Lord Chisholm.”
The couple fled the country, but were brought back to Florida and are awaiting possible extradition to Minnesota where prosecutors have vowed to seek long prison sentences.
“These rich folks ripped off the system,” said Hennepin County Attorney Mike Freeman, according to MailOnline. “I can assure you that this office will do every darn thing we can do to make sure these people do hard time.”
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