Ronald Johnson, the Corcoran man recently convicted of defrauding investors out of $2.1 million, reportedly purchased a 17-acre island on Mink Lake near Maple Lake with stolen funds.
When last for sale, the heavily wooded island was listed for $109,000, and came with a 36- by 24-foot pavilion.
The fate of the island has not been determined, but such cases often require restitution to the victims.
Johnson, 51, reportedly stole from victims who were hoping to invest successfully in the North Dakota oil boom. Johnson, who was charged in a superseding indictment with nine counts of wire fraud and one count of money laundering, was found guilty on all counts by a federal jury in St. Paul.
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