Second 'Beat Down Posse' leader is convicted [Star Tribune, Minneapolis] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 21, 2012 Newswires
Share
Share
Post
Email

Second ‘Beat Down Posse’ leader is convicted [Star Tribune, Minneapolis]

Matt McKinney, Star Tribune, Minneapolis
By Matt McKinney, Star Tribune, Minneapolis
McClatchy-Tribune Information Services

March 21--Two weeks after his father was sentenced to 15 years in prison, Joseph Duane "Little Joe" Gustafson Jr. was convicted Tuesday for his role in a family bail bonds business that prosecutors said was a front for a violent criminal gang engaged in mortgage fraud, drug trafficking and the terrorizing of north Minneapolis.

The conviction effectively ends the reign of the "Beat Down Posse," a criminal gang run by father and son that robbed, beat and stole at their direction, according to authorities.

"The Beat Down Posse is no more," Hennepin County Attorney Mike Freeman said in a statement issued Tuesday. "I couldn't be happier."

When charges were first announced in the case just over a year ago, authorities said Gustafson, 37, and his right-hand man, Troy Michael Neuberger, 40, used a simple ploy to devastating effect: entering homes under the guise of searching for a bail jumper named Hector, and then beating and robbing the people inside. Drug dealers were a preferred target during the so-called Hector missions.

Charges against Joseph Robert "Big Joe" Gustafson, 56, came a few months later.

The case was investigated for years by Minneapolis police, the state Commerce Department, the FBI and the IRS.

On Tuesday, a Hennepin County jury finished eight hours of deliberations before finding the younger Gustafson guilty on 11 counts including terroristic threats, kidnapping and multiple counts of mortgage fraud, drug trafficking and unlawful possession of a firearm. The case against him included evidence from former Beat Down Posse members.

Prosecutors also presented evidence that showed Gustafson Jr. used straw buyers and phony employment information on mortgage forms to illegally obtain mortgages to purchase four properties.

Some of the first tips that lead to criminal charges against the younger Gustafson were picked up by investigators with the Minnesota Department of Commerce, according to a Hennepin County court spokesman.

"Insurance fraud was the Achilles' heel that helped bring down one of north Minneapolis' most violent and notorious gangs," Commerce Commissioner Mike Rothman said in a statement.

Gustafson will be sentenced April 24. Prosecutors will seek a prison term of 20 years, according to a court spokesman.

Matt McKinney -- 612-217-1747

___

(c)2012 the Star Tribune (Minneapolis)

Visit the Star Tribune (Minneapolis) at www.startribune.com

Distributed by MCT Information Services

Wordcount:  378

Newer

Springtree Group Announces the Acquisition of Insurance-Source.com by the The Walton Group

Advisor News

  • Why timing the market is still a retirement mistake and what to do instead
  • Business owners may be overlooking a key part of their financial picture
  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
More Advisor News

Annuity News

  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity News

Health/Employee Benefits News

  • How much money do Connecticut residents need to retire comfortably?
  • Humana Awarded Statewide Illinois HealthChoice Medicaid Contract, Expanding Access to Care Across the State
  • What to know: Federal cuts impact Essential Plan; cuts start July 1
  • Guv wannabees: ‘It’s health care costs, stupid!’
  • One year after steepest premium increase in a decade, RI health insurers seek double-digit hikes
More Health/Employee Benefits News

Life Insurance News

  • AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.’s New Senior Unsecured Notes
  • How much money do Connecticut residents need to retire comfortably?
  • Advocates: Life insurers potentially missing millions of deaths annually
  • How much money do Connecticut residents need to retire comfortably?
  • Sparks Financial Announces Addition of Industry Leader Scott Theodore
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet