During an appearance in federal court in October, a tearful Tom Petters finally admitted guilt for the $3.65 billion Ponzi scheme he was convicted of masterminding in 2009 and told a judge, "I'm begging for your forgiveness."RELATED: The part of Petters' business class where he teaches about Ponzi s ... More >>
Five years after he was convicted of masterminding a $3.65 billion Ponzi scheme, Tom Petters was back in court in St. Paul today trying to get his sentence reduced by 20 years.RELATED: Tom Petters, convicted Ponzi schemer, teaches fellow inmates business classes Petters was sentenced to 50 years ... More >>
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 >>
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.
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 >>
He's been free pending sentencing for tax evasion sentencing, but awaits charges related to an alleged Ponzi scheme.
For Trevor Cook, accused with a syndicated radio talk show host of running a $190-million Ponzi scheme from the Van Dusen Mansion, the law appears to be tightening its grip.
All. Twenty. Counts.
Administration lax on cleaning up AIG, Bear Stearns, and Lehman Brothers
Anyone on the market for a $7.8 million home? We didn't think so. But if you are, you can possibly bask in the Ponzi glory of local businessman Tom Petters.
Maybe this sign was a sad prediction of the days to come for Tom Petters and his merchandise empire.
Screwed by Madoff? Feeling helpless, depressed, or just plain pissed off? You might want to check out this website.
His attorneys say he is being treated unfairly in jail and not given the same freedom as others in the clinker.
Lawyers for Minnesota businessman Tom Petters are pretty pissed. Would you want to defend this guy for table scraps? Doubtful.
The judge laid down the law today: The Petters case is staying here, at least for now. And don't whine when you feed the fire.
Petters also owns polaroidsofmywife.com, nakedpolaroids.com, and shakeitlikeapolaroid.com. What kind of online personality is this guy trying to create?
A federal judge released Michael Catain from custody because he wasn't a flight risk. His neighbors must be thrilled
If Bernie Madoff's alleged $50 billion Ponzi scheme screwed you over, it's time to get in line to make your claim.
Thursday's five most fascinating stories printed on wood pulp.
The "neighborhood bully" was busted trying to hide some of his assets and household goodies from the courts so he could still live the high life.
Larry Reynolds, a 67-year-old Petters associate who pled guilty to helping Tom Petters in his alleged ... More >>
Why did the state's director of public safety oust the head of the Minnesota Financial Crimes Task Force?
Prosecutors were finally able to nail Tyson Foods--one of the three corporate behemoths that launched and sustained Bill Clinton's political career.