Wednesday, June 2, 2010

Feds begin investigation of Twin Cities developer Ned Abdul

Federal authorities are investigating Twin Cities developer and nightclub owner Ned Abdul for allegedly running multiple fraud schemes over a number of years, including skimming cash from his downtown nightclubs and submitting fake invoices to the U.S. government and other tenants of his office buildings.
Search warrants unsealed Tuesday reveal that authorities have been investigating Abdul and business partner John R. Barlow for nearly two years.
Neither man has been charged, and Abdul's lawyer

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