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Bruce Prevost

(credit: Hennepin County Jail)

Final 3 Defendants Sentenced In Petters Scheme

The final three defendants have been sentenced in the $3.65 billion Ponzi scheme led by Minnesota businessman Tom Petters. U.S. District Judge Richard Kyle handed down a 7 ½-year sentence Friday to hedge fund manager Bruce Prevost for his role in misleading investors in Palm Beach Capital Management, a Florida hedge fund that put money into Petters’ scheme before it collapsed in 2008.

11/09/2013

(credit: Hennepin County Jail)

Hedge Fund Managers Plead Guilty In Petters’ Case

Two Florida hedge fund managers have pleaded guilty to lying to investors about investments in convicted Minnesota businessman Tom Petters’ former company.

04/21/2011