Ponzi schemer Tom Petters guilty on all counts
Tom Petters has been found guilty of all 20 counts. Convicted of bilking more than $3.5 billion out of investors taken in by his slick persona, Petters now awaits sentencing.
On the surface, the owner of Sun Country Airlines and Polaroid Corps. was a wildly successful businessman whose pious Christian streak ingratiated him to myriad movers and shakers throughout the state. But that facade came crumbling down in October of last year after he was arrested for orchestrating what was then the largest ponzi scheme in American history (Bernie Madoff stole the show just weeks later).
Illustrator Ken Avidor has been writing about the trial and serving up some choice court room sketches for City Pages throughout the trial. Check out his work here. Stay tuned for his conclusion.
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