More Troubles for Carlson Grandson

From Minneapolis Star-Tribune:
$3.8-Million Judgment Filed Against Curtis Nelson
A new chapter has emerged in the troubled business life of Curtis Carlson Nelson, the onetime heir apparent to one of Minnesota's most storied family-owned companies. The plot twists are strewn with unflattering allegations against Nelson, including millions in unpaid debts, missing Krugerrands, bounced checks and a failed startup in the automotive industry, all amid accusations of fraud and deceit. Not so long ago, Nelson appeared destined to run the family's vast business empire, which includes Radisson hotels, TGI Friday's and Carlson Wagonlit Travel. Now he's at the end of a legal tussle with Edina-based Crown Bank, which accuses Nelson of vastly overstating his net worth for a $3 million loan in 2008 and for a $1 million personal guarantee for a second-party loan in 2009. Click here for the full story.


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