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Man with $1.4 million yacht pleads guilty to welfare fraud

A Minnesota man who claimed to be Scottish royalty pleaded guilty to fraudulently receiving welfare and other benefits from the state.

His wife already admitted to the fraud in August.

Prosecutors say Colin and Andrea Chisholm accepted $167,000 dollars in Minnesota welfare and other benefits, while they were living on a million-dollar yacht and, later, in a mansion.

“This is offensive,” Hennepin County Attorney Mike Freeman told CBS Local News. “This is a rich guy living like a king living on a $1.4 million yacht and ripping off the people.”

The Chisholms will have to pay restitution to the state of Minnesota.

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