On 09/19/2025, Maple Grove Police officers were dispatched to the Building Trades Credit Union located on 12080 73rd Avenue North in Maple Grove, Hennepin County, Minnesota, on a report of check forgery. Officers met with the reporting party, the vice president of compliance, who provided the following. A male identified as JARED RAY OLMSTEAD [DOB REDACTED], Defendant herein, opened a bank account with the bank at the Shoreview office on 10/23/2023. On 09/18/2025, Defendant went to the Bloomington branch and attempted to cash/deposit a check that appeared to be altered or forged.
The bank denied it and Defendant left. On the same day, Defendant showed up at the Shoreview branch and attempted to cash/deposit a different altered or forged check. Defendant was arrested at the Shoreview branch by the Ramsey County Sheriff’s Office. The Maple Grove branch was notified of the incidents in Bloomington and Shoreview. Upon reviewing Defendant’s bank account, the bank found a check had been cashed/deposited on his account on 09/17/2025, in the account of $4,800.00 $1,000 was then withdrawn from the account.
Upon reviewing the physical check that was deposited, it was confirmed that the check was altered. Officers observed that the original check belonged to JRF and KMF out of Milan, Michigan. The check showed it was issued to Defendant for the amount of $4,800. The memo line contained the word “work paint job.” Upon closer inspection of the check, it appears that there was writing under the visible writing on all lines of the check. Officers also observed Defendant depositing the check at the Maple Grove branch.
Officers contacted the original owners of the check. They stated that they did not know Defendant nor did they give anyone permission to write a check to him.
