Ponzi Scheme

(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.


(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.


(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.


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Bernie Madoff Speaks From Jail.

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


(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.


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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.


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.


Another Sentence In Petters Ponzi Scheme

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


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”.


Deanna Coleman Sentencing

The government’s star witness in the fraud case against Minnesota businessman Tom Petters will learn her sentence today.