Forget complicated Ponzi schemes. The "business people" behind a recent scam at the SuperAmerica in Waconia provided a refresher course in good ol' fashioned fraud.SEE ALSO: Tom Petters, convicted Ponzi schemer, teaches fellow inmates business classesThe previous owner of the SA, a 51-year-old man n ... More >>
Animal rights groups celebrated a small victory this week in a federal lawsuit alleging that the practice of killing dairy cows to increase the cost of milk -- known as "herd retirement" -- violates anti-trust laws
Filed in September 2011, the suit alleges Cooperatives Working Together, a dairy con ... More >>
The Supreme Court won't review Tom Petters' conviction, according to a document released by the court.
Petters asked the court to review his 2009 conviction for running a $3.65 billion dollar Ponzi scheme. He appealed the conviction on the grounds that lower courts inappropriately barred Petters' a ... More >>
Twin Cities Business' cover story this month tells "The Untold Story of Tom Petters."
In the piece, convicted Ponzi schemer Tom Petters asserts his innocence.
"Petters remains adamant that others took a legitimate business and turned it into a Ponzi scheme without his knowledge," writes Twin Citie ... More >>
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 ... More >>
A Florida investment group that was bilked out of more than $1 billion by Tom Petters is suing to get that money back.Palm Beach Finance Partners is suing BMO Harris, the bank company that bought now-defunct Wisconsin financial services company M&I for $1 billion. BMO Harris filed a motion to ... More >>
Three businessmen accused of participating in Trevor Cook's Ponzi scheme were indicted again yesterday for various financial frauds, including an attempt by one of the men to buy into the Minnesota Wild.
Jason Bo-Alan Beckman, Gerald Joseph Durand, and Patrick Joseph Kiley worked with Tre ... More >>
Stillwater blogger and notorious Michele Bachmann foe Karl Bremer has a new enemy: The New Republic.
Bremer recently filed a lawsuit against the Washington, D.C.-based magazine for using a photo he took of Frank Vennes Jr., the embattled Tom Petters fundraiser accused of helping bilk investors o ... More >>
Cook is serving a 25-year sentence for masterminding a Ponzi scheme. Did radio personality Pat Kiley help him?A year ago, conservative radio show host Patrick Kiley was suing reporters for tying him to Trevor Cook's $190 million Ponzi scheme.
But it looks like Kiley's vehement denial of wrongdo ... More >>
Gerard Cellette donated millions to Living Word Christian Center.TV preacher Mac Hammond's Living Word Christian Center megachurch has concluded that it can't make the legal case for holding onto a multimillion dollar donation from a Ponzi schemer, and it's time to render unto Caesar.
Trevor Cook pleaded guilty in a $190 million Ponzi schemeRead enough headlines about Ponzi schemers and the inevitable question begins to percolate: Who believes these hucksters, anyway? CNN recently came to town asking that question of Trevor Cook and Pat Kiley's victims. Part of the answer ... More >>
Tom PettersSeeking a more lenient sentence after his client was convicted of orchestrating a $3.65 billion Ponzi scheme, disgraced businessman Tom Petters's lawyer, Paul Engh, has decided the best way to make his point is to equate Petters with one of the most reviled figures in New York's fi ... More >>
Image: HikingArtistEmbattled foreign currency trader Trevor Cook, already confined to jail on a contempt order, was charged today with tax evasion and wire fraud related to an alleged $190-million Ponzi scheme that victimized more than 1,000 investors. The Strib reports that Cook may have rea ... More >>
The alleged multi-billion dollar Ponzi scheme of Tom Petters is easily one of the biggest fraud cases in Minnesota history, but Petters seems to believe that the state's largest newspaper shouldn't be paying it much attention.