MINNEAPOLIS (WCCO) — Victims of one of Minnesota’s largest fraud cases are starting to get some of their money back.
About $16.4 million stolen by Tom Petters has now been returned to 364 investors. That’s a tiny portion of the $2 billion that Petters took in a Ponzi scheme.
A jury found Petters guilty of fraud, money laundering and conspiracy in 2009. Since then, a trustee has been working to recover assets taken illegally.
Petters is serving 50 years in prison.