Couple with yacht and lake home charged with welfare fraud

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A Minnesota couple gave the impression that they struggled financially for a decade, depending on welfare checks to pay for food and medical bills and for job training. They and their young son were forced to live with Andrea’s mother in south Minneapolis and, at one point, had as little as $80 to their name.

At least, that’s what they led benefit workers to believe. In reality, authorities say, the Chisholms were living the lifestyle of the rich and famous.

On public assistance forms they filled out yearly, they failed to mention their $1.2 million 83-foot wooden motoryacht docked in Florida, or the $1.6 million house they rented on Minnesota’s Lake Minnetonka, or the approximately $3 million tucked away in various bank accounts, the charges say.

“These were rich folks ripping off the system,” said Hennepin County Attorney Mike Freeman, whose tone moved from humor to anger during Friday’s news conference. “I will make sure they do hard time.”

Click here for the full report by the Star Tribune.