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Wednesday A.M. Report

Hennepin Co. says no to health insurance fix; Case-Shiller: Twin Cities home prices up in February; Minnesotan gets 10 years for $20M Ponzi scheme; Entellus names new CEO

Hennepin Co. says no to health insurance fix: Hennepin County commissioners on Tuesday rejected a state government compromise meant to preserve health coverage for some of Minnesota’s poorest residents. Gov. Tim Pawlenty recently signed a law restoring some of the funding for the state’s General Assistance Medical Care program serving the poor. Read full story 

Case-Shiller: Twin Cities home prices up in February: The Twin Cities housing market continues to show signs of recovery, with February home prices 3 percent higher than a year before, according to the latest Standard & Poor’s/Case-Shiller Home Price Index. In February, Minneapolis-St. Paul area home prices had an index value of 119.91, 3 percent higher than February 2009 and the seventh best result among the 20 metro areas included in the index. Read full story 

Minnesotan gets 10 years for $20M Ponzi scheme: A Rosemount man who ran a $20 million Ponzi scheme involving commodity pools was sentenced to nearly 10 years in prison Tuesday. Charles “Chuck” E. Hays, 56, admitted devising a scheme to solicit investors with him and his company, Crossfire Trading LLC, from January 2001 through February 2009, according to the plea agreement. Read full story 

Entellus names new CEO: Entellus Medical Inc. has named Brian Farley, the former top executive at Vnus Medical Technologies Inc., its next CEO. Farley will replace Entellus’ co-founder Thomas Ressemann, who will now hold the title of chief business development officer. Read full story