Tom Petters, convicted Ponzi schemer, teaches fellow inmates business classes
In 2009, Tom Petters was found guilty of masterminding a $3.65 billion Ponzi scheme and sentenced to 50 years in prison.
Now, according to an interview Petters gave to Twin Cities Business magazine, he teaches his fellow inmates at the prison in Leavenworth, Kansas how to make business plans.
Out of Leavenworth's 2,000 inmates, there isn't another more qualified than Petters to provide instruction about how to lawfully make money?
Said Petters: "I go to work each weekday in the education area."
Petters continues to maintain his evidence and told TC Business he's "working hard on legal research... I believe the truth will eventually set me free, so I work on strategy to get the truth out." An appeal of Petters' case was rejected by the Eighth U.S. Circuit Court late last year.
In the meantime, he's got his business classes to help him make a little spare dough. Well, maybe a lot of spare dough, if Petters' past is precedent. 'Yes, the class costs you $10, but then you can sign others up for $5 and keep the money yourself. What's that? Yeah, tell the folks you sign up that they can sign others up for $5 too.'
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss City Pages' biggest stories.
- Richfield cop shoves, hits Somali teen [video]
Sat., Oct. 17, 12:00am
Sun., Oct. 18, 12:00pm
Fri., Oct. 23, 7:00pm
Sat., Oct. 24, 7:00pm
- Buy your family season tickets at the new Vikings Stadium for a mere $17,000
- Landon Steele's anti-hipster, anti-Black Lives Matter rant goes viral