A former St. Paul man serving six years in prison for stalking his ex-wife and drafting a hit list was charged in federal court with seven counts of fraud.
Michael J. Mangan, 43, tricked multiple victims into giving him more than $1 million in money and property for real estate projects and kept the money for personal use, according to charges filed in late September in U.S. District Court. Mangan is charged with four counts of wire fraud and three counts of mail fraud.
In a case unrelated to the federal charges, Mangan pleaded guilty in Ramsey County District Court in May to three counts of aggravated stalking for stalking his ex-wife and her supporters. Eight other counts of stalking and terroristic threats were dismissed as part of his plea deal.
Mangan's stalking case alarmed authorities because when he was arrested during a traffic stop in October 2013, police found a double-edged boot knife, loaded gun and more than 200 rounds of ammunition in his car.
Charges against him show that he also had a hit list and diagrams of his ex-wife's apartment complex and workplace. Mangan had also written 11 letters with instructions for his girlfriend to send them once he was "gone."
He was sentenced in July on the stalking convictions, and is incarcerated in St. Cloud with an anticipated release date of March 19, 2018.
According to the newly filed federal charges, from 2009 to November 2011, Mangan persuaded investors to give him money that he claimed would be used to purchase distressed property for rehabilitation. The properties would then be rented or sold.
Mangan falsely represented his business plans, authorities allege, and used investors' money to pay for personal expenses and to make Ponzi-type payments to other investors. At the time of the alleged fraud, he was the principal owner of several business entities, including High Point Group, Inc., High Point Construction and Remodeling LLC, High Point Property Management LLC, High Point Group World Wide LLC, High Point Education LLC and Fortune Forward Education.
Mangan also allegedly promised investors shares, employment or leadership positions on boards of companies they were investing in. He presented false financial statements on occasion, gave investors worthless promissory notes and issued worthless checks.
Mangan's tactics were meant to lure investors into giving him money and to buy himself time, the complaint said.
Mangan is scheduled to appear in federal court Friday.