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Wednesday A.M. Report

Attorney who skimmed $2.5 million gets 78 months: A former Lindquist & Vennum attorney who skimmed $2.5 million from his clients and his own firm was sentenced to six-and-a-half years in prison Tuesday, Minnesota’s U.S. Attorney’s Office said. Michael Scott Margulies, of Minneapolis, pleaded guilty to one count of wire fraud in June. Read full story

Vikings, NFL saving up for potential lockout: The Minnesota Vikings and their fellow NFL teams are stashing away cash in preparation for a potential lockout next season. SportsBusiness Journal reports that the NFL is “building a nearly $900 million lockout pool” financed by pool revenue that otherwise would have been distributed to teams and money that clubs saved in March when they didn’t have to pay non-health care benefits, such as life insurance or pension-plan payments. Read full story

Broke Taste of Minnesota organizers shut down event: The Taste of Minnesota has gone sour after its organizers told creditors that it couldn’t pay the bills. International Event Management, which bought the event from Capital City Partnership in 2009, said it won’t be able to honor the debts it incurred to for last year’s festival and was shutting the event down. Read full story

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