Former Vikings offensive tackle Ron Yary has officially settled a fraud lawsuit against ex-teammate Stu Voigt.
The confidential agreement ends a dispute that began in 2011 when Yary and three Twin Cities residents sued Voigt, claiming Voigt conned them out of $1 million when he lured them into “risk-free” investments.
The case was dismissed Tuesday in federal court in Minnesota.
“Everybody is more than happy with the outcome of this settlement,” Yary said in an interview.
Yary, who lives in Murrieta in Southern California, said the case was less about him than the other plaintiffs. They included veteran pro wrestling announcer Kenneth Resnick of Edina; Resnick’s late mother, Marion; and Resnick family friend Irving Braverman.
Braverman, who is in his 80s and worked as a movie theater ticket taker, allegedly lost his life savings in the investments.
Their lawyer, Kevin Magnuson at Kelley, Wolter & Scott, said he couldn’t discuss the agreement but that everyone was pleased. The firm handled the lawsuit pro bono.
Voigt’s lawyer, Phil Cole of Lommen, Abdo, Cole, King & Stageberg, said “everyone’s glad to have it done.”
Voigt, 65, of Apple Valley, has been playing legal defense for some time. He ventured into banking after his Super Bowl-studded career as a tight end for the Vikings, and was chairman of First Commercial Bank in Bloomington, a big commercial real estate lender. He ran into trouble with the Federal Deposit Insurance Corp. over the bank’s loans to a real estate investment company in which he was deeply involved called Hennessey Financial.
Voigt was banned from banking and paid a $15,000 fine to settle accusations of illegal activity while running the bank. In 2012 First Commercial Bank was shut down and sold.
A popular sports personality, Voigt turned out for the groundbreaking on the new Vikings stadium in Minneapolis on Dec. 3. He most recently served as sports grand marshal for the St. Patrick’s Day parade in St. Paul.