Agents raid Mpls. Internet company, suspecting a Ponzi scheme



By Jim Walsh & Paul Walsh, Star Tribune

“Federal agents raided a Minneapolis business owned by local musician Steve Renner Tuesday morning in what authorities are calling a suspected Ponzi scheme.

Secret Service and Treasury agents appeared at 10 a.m. at V-Webs, an online and video company at 250 2nd Av. S. in downtown Minneapolis. They served a search warrant and asked the dozen employees present to step outside. The search is still in progress.”

Read More…