Tom Petters' day of Ponzi reckoning delayed as judge pushes sentencing back a month


Amazingly awful person Tom Petters will wait a little longer to face the music. Petters, the Minnetonka businessman who ran a $3.65 billion Ponzi scheme over the last fifteen years and was convicted in December, has had his sentencing date pushed back a second time -- to April 8.

Petters is expected to get a sentence of 30 years to life for 20 counts of mail fraud, wire fraud, money laundering and conspiracy. Petters still says he's innocent, and is promising to appeal. Meanwhile, Petters victims and beneficiaries alike are trying to figure out how they're going to crawl out from under the wreckage he's wrought.

If you missed it the first time around, Ken Avidor's comic-strip coverage of the trial is required reading.