Crime & Safety

Authorities Investigate Possible Fraud by Business that Owns Woodbury Property

FBI agent confirms fraud investigation is underway but would not elaborate on the nature of the case.

Authorities with the Federal Bureau of Investigation and Internal Revenue Service on Thursday executed a search warrant at the office of a St. Paul investment and development firm that owns property in Woodbury.

FBI special agent Steve Warfield said the warrant was related to a fraud investigation of JLT Group, Inc., but would not comment on the direction of the case.

The company lists the and in Woodbury, in addition to land near Tamarack Road and Interstate 494 and other parcels, among its properties, according to its Web site.

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Officials searched the offices at 10 River Park Plaza, Suite 800 in St. Paul, the headquarters of Jerry Trooien's JLT Group Inc., Warfield said.

Employees at JLT Group did not comment on the matter.

Find out what's happening in Woodburyfor free with the latest updates from Patch.

Trooien, 63, filed for Chapter 11 bankruptcy in October, reporting liabilities of $284.5 million and assets of just $6.5 million, according to the Star Tribune.

Managers at Aperitif were in a meeting and did not immediately return a phone call from Woodbury Patch.

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