Dakota County Attorney James Backstrom announced that James Michael Hayden, age 38 of St. Paul, was sentenced today to 34 months in prison by Judge Thomas W. Pugh in connection with a series of crimes relating to mortgage and home foreclosure scams from 2011-2013. Hayden was ordered to pay restitution in the amount of $221,463.00, but the final amount of restitution was reserved to allow for additional claims that are pending in excess of that amount. In May of 2013 Hayden was charged with three counts of Theft by Swindle of over $35,000 (all felonies). Hayden pled guilty to all three counts on June 9, 2015.
Hayden convinced various individuals to invest in a business created to purchase various homes subject to foreclosure in Burnsville, Lakeville and other communities in the Twin Cities. Hayden promised these individuals profit sharing related to their investments once the properties had been purchased and later sold. However, Hayden never purchased many of the properties for which these investments were intended and failed to fully reimburse the victims for their initial investments. The total financial loss to the victims in this matter was in excess of $400,000.00
Additional facts pertaining to this case can be found in the criminal complaint which is located online at: Criminal Complaint Search
. Prior news releases are available at: Attorney News Releases
. If in custody, a mug shot can be viewed at: Inmate Search
Backstrom commented: “We are pleased to have brought Mr. Hayden to justice in connection with this fraudulent deception and theft from multiple victims over three years. Mortgage and home foreclosure scams like this have victimized far too many people in our state and nation.”
Backstrom praised Assistant County Attorney Dain Olson who prosecuted the case. Backstrom thanked the Burnsville Police Department for their thorough investigation of this case.
If you have questions, contact James Backstrom at 651-438-4438.