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Frank Vennes Jr.

(credit: Jupiter Images)

Petters’ Associate Vennes Pleads Guilty

A former associate of convicted Minnesota businessman Tom Petters has pleaded guilty to lying to investors in a $3.65 billion Ponzi scheme.

02/01/2013

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4 More Charges For Petters Associate; Total Now 28

The former associate of disgraced Minnesota businessman Tom Petters now faces additional federal charges in connection with Petter’s $3.65 billion Ponzi scheme.

07/12/2012

(credit: Jupiter Images)

Petters’ Associate Vennes Faces Additional Charges

A former associate of fallen Minnesota businessman Tom Petters faces new allegations of securities fraud, wire fraud and money laundering for his alleged role in a $3.65 billion Ponzi scheme, according to a superseding indictment filed Tuesday.

07/19/2011