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Ponzi Scheme

(credit: Sherburne County Jail)

Petters Asks Full 8th Circuit To Rehear Appeal

Attorneys for Minnesota businessman Tom Petters have asked the full Eighth Circuit Court of Appeals to rehear his appeal of his conviction of running a $3.7 billion Ponzi scheme.

12/23/2011

(credit: Sherburne County Jail)

Appeals Court Affirms Petters Conviction, Sentence

A federal appeals court Friday upheld the 2009 conviction and 50-year prison sentence of Minnesota businessman Tom Petters, who was found guilty of orchestrating a $3.7 billion Ponzi scheme.

12/09/2011

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Good Question: Is Social Security A Ponzi Scheme?

When you hear “Ponzi scheme,” you think Bernie Madoff, Tom Petters, but perhaps not Social Security.

09/08/2011

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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

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Plymouth Man Pleads Guilty In Cook Ponzi Scheme

A Plymouth man has pleaded guilty to persuading others to invest in a multi-million-dollar Ponzi scheme orchestrated by Trevor Cook.

06/21/2011

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Minn. Man Charged In Trevor Cook Ponzi Scheme

A Plymouth man is charged with persuading others to invest in a multi-million-dollar Ponzi scheme orchestrated by Trevor Cook.

06/13/2011

(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

(credit: Sherburne County Jail)

Edina Woman Pleads Guilty In Petters case

A 43-year-old Edina woman has pleaded guilty for her role in the $3.7 billion Ponzi scheme allegedly led by Tom Petters.

04/08/2011

(credit: Sherburne County Jail)

SEC Gets Order Freezing Petters Settlement Money

Federal regulators have won a court order against a hedge fund manager they accuse of funneling hundreds of millions of dollars from investors in his funds to the $3.7 billion Ponzi scheme run by convicted Minnesota businessman Tom Petters.

03/28/2011

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Bernie Madoff Speaks From Jail.

The Swindler doesn’t seem to show remorse….or does he? Find out!

02/28/2011

(credit: Hennepin County Jail)

Federal Appeals Court Hears Petters Case

A federal appeals court hears oral arguments on whether Minnesota businessman Tom Petters deserves a new trial after being convicted of orchestrating a $3.7 billion Ponzi scheme.

02/17/2011

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Minn. Man Ordered To Pay $84.7M In Ponzi Case

Federal regulators say a Minnesota man who pleaded guilty to bilking investors in a commodities Ponzi scheme has to pay $84.7 million in civil fines and restitution to customers under a court order.

02/02/2011

Another Sentencing In Petters Ponzi Scheme

 Six years in prison. That’s the sentence imposed on an Illinois hedge fund manager who admitted to cashing in on the Tom Petters Ponzi scheme.

09/30/2010

Another Sentence In Petters Ponzi Scheme

Another defendant in the Tom Petters Ponzi scheme is headed to prison.

09/15/2010

Minnesota Law – 9/4/10

Tom Shroyer will be hosting Allan Caplan of Caplan Law Firm, P.A., on the topic of “Settling the Score on the Petters Ponzi”.

09/05/2010

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