St. Paul banker charged with goosing profits on Duck Donuts franchises, swindling buyer

A St. Paul bank executive is accused of swindling a man who bought two Duck Donuts franchises for nearly $1 million and wound up at least $300,000 in the hole.

Justin A. Butler, 41, of Woodbury was charged Friday with felony theft by swindle in Washington County District Court. Butler, the chief risk officer for Bremer Bank since 2022, is accused of orchestrating an illegal deal in which the buyer was intentionally misled to invest in an overvalued business…

Story continues

TRENDING NOW

LATEST LOCAL NEWS