Defenders of some Minnesota men accused of trying to join ISIS say the FBI entrapped them. The government charged four men and two of their friends with trying to go overseas: Mohamed Abdihamid Farah, 21; Adnan Abdihamid Farah, 19; Abdurahman Yasin Daud, 21; Zacharia Yusuf Abdurahman, 19; Hanad Mustafe Musse, 19; and Guled Ali Omar, 20.
Pilots from other major airlines showed their support as pilots from Sun Country held informational picketing at Terminal 2 of Minneapolis-St. Paul International Airport.
A federal judge has denied convicted Minnesota businessman Tom Petters’ appeal for a shorter sentence. In a ruling issued Thursday, U.S. District Judge Richard Kyle said Petters “has tried to pull off one final con” by seeking a shorter sentence.
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.
If there were ever a Minnesota case where cameras in the courtroom would have been a benefit to the public, it is the Tom Petters case, in my opinion. For four remarkable days in the winter of 2009, Petters testified, maintaining with a cocky flair, that he was an unwitting pawn in a $3.6 billion Ponzi scheme. It was all the work of his underlings he said, and that he had no idea what was going on.
The man found guilty of orchestrating Minnesota’s largest Ponzi scheme finally admitted on Wednesday that he did it. Tom Petters was in U.S. District Court in St. Paul on Wednesday trying to get 20 years shaved off his prison sentence.
Can he get his 50 year sentences reduced? Dave finds out.
Convicted Minnesota businessman Tom Petters returns to federal court this week to try to shorten his 50-year prison term. The attempt to get 20 years removed might be Petters’ last chance to go after a lighter sentence.
The fourth man convicted in a $194 million Ponzi scheme – the second largest in Minnesota history – was sentenced Monday to 240 months in federal prison. According to the U.S. Attorney General’s office, 75-year-old Patrick Kiley of Burnsville was convicted last June of 12 counts of wire and mail fraud, one count of conspiracy to commit mail and wire fraud and two counts of money laundering. Kiley – along with ring leader Trevor Cook, Jason Bo-Alan Beckman, Gerald Joseph Durand and Christopher Pettengill – were all solely and jointly ordered to pay $155,359,411 in restitution to their victims.
A 59-year-old Mound, Minn., man was found guilty by a jury Wednesday in federal court for fraudulently raising money for investment in Petters Company, Inc. James Nathan Fry, a hedge fund manager, was convicted of five counts of securities fraud, four counts of wire fraud, and three counts of making false statements to the U.S. Securities and Exchange Commission.
A former associate of convicted Minnesota businessman Tom Petters has pleaded guilty to lying to investors in a $3.65 billion Ponzi scheme.
A new television ad from Republican US Sen. candidate Kurt Bills is making waves. It claims incumbent Minnesota Democratic Sen. Amy Klobuchar covered up evidence of massive fraud by convicted swindler Tom Petters.
During last night’s Vikings game, Kurt Bills ran an ad claiming Amy Klobuchar covered up for Tom Petters and failed to prosecute him while she was Hennepin County Attorney.
Republican Kurt Bills on Monday questioned Democratic U.S. Sen. Amy Klobuchar’s handling of a case during her days as Hennepin County prosecutor.
Step inside Luther Auctions in North St. Paul and you’ll find yourself in a world of greed and corruption. 86 items which were once the property of Tom Petters are on display.
A judge decided the U.S. Attorney’s office can seize a house purchased with money from the Tom Petters Ponzi scheme.
The former associate of disgraced Minnesota businessman Tom Petters now faces additional federal charges in connection with Petter’s $3.65 billion Ponzi scheme.
The U.S. Supreme Court says it won’t take up the case of Minnesota businessman Tom Petters. In documents made public Tuesday, the nation’s highest court denied Petters’ request to review his 2009 conviction on charges he orchestrated a $3.65 billion Ponzi scheme.
A Minnesota businessman convicted of engineering a $3.65 billion Ponzi scheme now lives in a two-person prison cell, awakened at 6 a.m. each day by clanging door locks.
For the first time since he was sentenced to 50 years in prison for orchestrating a multi-billion dollar Ponzi scheme, Tom Petters is breaking his silence.
It has been more than two years since Tom Petters was found guilty of running a $3.5 billion Ponzi scheme.
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.
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.
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.