Dakota Co. man charged in home foreclosure scam

2:57 PM, May 28, 2013   |    comments
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HASTINGS, Minn. - A Dakota County man faces prison time in connection with an alleged series of scams that bilked investors out of between $200,000 and $250,000.

Prosecutors say 36-year-old Jason Michael Hayden of Burnsville convinced at least nine people to invest in his company, JMH Properties LLC, for the purpose of buying foreclosed homes, re-selling them and sharing the profits.

Hayden is charged with three felony counts of theft by swindle.

Investigators say in most cases, Hayden never even purchased the properties for which the investments were intended.

"These are significant economic crimes and this represents the 20th theft-related case of over $50,000 which has been charged in Dakota County in the last five years," said Dakota County Attorney Jim Backstrom in a written statement.

Hayden allegedly met his victims through business contacts and his children's participation in sports and other community activities. He made his first appearance in Dakota County Court Tuesday.

 

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