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Jury finds seller Chad Banken liable of preying on Muslim homebuyers with inflated prices
By Joey Peters and Mohamed Ibrahim at Sahan Journal
· June 22, 2026
· 8 min read
Jurors found real estate broker Chadwick Banken liable Monday afternoon of consumer fraud and discrimination for selling homes at inflated prices and for preying on Muslim buyers.
The verdict comes after two weeks of testimony and more than seven hours of deliberation.
Banken was being tr...
Key takeaway Banken sold 160 homes using contracts for deed, which offer fewer protections for consumers compared to conventional mortgages.
Why this matters in The Minneapolis
The verdict against Chad Banken has significant implications for the Muslim community in Minneapolis , who may have been disproportionately affected by his business practices. The fact that Banken allegedly targeted Muslim homebuyers and exploited their desire for sharia-compliant financial products raises concerns about the vulnerability of this community to predatory practices. The use of contracts for deed, which offer fewer protections for consumers, also highlights the need for greater oversight and regulation of alternative financing arrangements in Minnesota. As the city's Muslim population continues to grow, it is crucial that local authorities and community leaders work together to prevent similar instances of exploitation and ensure that all homebuyers have access to fair and transparent financial services. The state's lawsuit and the jury's verdict send a strong message that such practices will not be tolerated in Hennepin County.
About this story
Original reporting by Sahan Journal . The Minneapolis surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Sahan Journal . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 22, 2026 ·
Source: Sahan Journal ·
Reading time: 8 min
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Frequently asked about this story
What is this story about? Jurors found real estate broker Chadwick Banken liable Monday afternoon of consumer fraud and discrimination for selling homes at inflated prices and for preying on Muslim buyers.
The verdict comes after two weeks of testimony and more than seven hours of deliberation.
Banken was being tr...
When was this published? This article was first published on June 22, 2026 by Sahan Journal and curated for The Minneapolis readers.
Who reported this story? This story was reported by Joey Peters and Mohamed Ibrahim at Sahan Journal. To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Minneapolis, or browse our daily briefing and topic hubs .
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