When alleged Ponzi schemers feel remorse


Federal prosecutors are starting to outline their case against former Minnesota businessman Tom Petters and his alleged Ponzi scheme that bilked investors of up to $3.5 billion. And one piece of evidence actually makes Petters appear "sorry" for what he did. Still skeptical.

Petters sent flowers two years ago to Deanna Coleman, one of his associates that blew the whistle on his business practices last year. He expressed his feelings about where the company was going and promised to shape up.

From Minnesota Public Radio:

"I ask daily to be able to get up and have God to help me change this company into one we are so proud of instead of full of shame!" Petters wrote in the e-mail to Deanna Coleman dated April 1, 2006.

According to prosecutors, the e-mail to Coleman demonstrated how Petters repeatedly told his associates that he would figure out a way for them to escape the fraud at Petters Co. Inc. (PCI), and Coleman revealed the alleged scheme to the U.S. Attorney's office in September 2008, prosecutors said in the new court filing.

Petters is scheduled to go on trial Oct. 26, but his attorneys are still trying to get the case moved out of the state due to the amount of media coverage that could hurt his chance for a fair trial.