Share Jennifer Bjorhus of the Strib has an article about Tom Petters serving 50 years at Leavenworth.  Here is an excerpt, as well as a link to the full article: Leavenworth has housed some of the country's most-publicized criminals — Frank (The Enforcer) Nitti, one of Al Capone's deputies; Robert Stroud, better known as the [...]

Share As if we haven’t heard enough about Tom Petters and his $3 billion ponzi scheme, his house on Lake Minnetonka selling for $5 million, or his guilty verdict and subsequent 50 year sentance in federal prison, the local media can’t resist jumping in for one more (or dozens) bite at the pie that is [...]

Share Just when we thought we had heard enough about Tom Petters, (his fraud case has been going on for two years) he is back in the news with an appeal of his conviction.  Here is an excerpt from the Strib today: The attorney for convicted Wayzata businessman Tom Petters filed the formal notice of [...]

Share Esme Murphy reports today at WCCO.com that Tom Petters sentencing will be done today.  Here is an excerpt, as well as a link to the full story: Convicted Wayzata businessman Tom Petters will be sentenced on Thursday in federal court in St. Paul, four months after being convicted on 20 counts of fraud and [...]

Share Tom Petters defense attorneys are asking for a more lenient sentence of 4 years, calling the government’s 335-year request “absurd” when comparing it to the Bernie Madoff sentence of 150 years for stealing $65 billion.  Here are several articles on the subject: Tom Petters channels Bernie Madoff Minneapolis City Pages (blog) - Erin Carlyle By [...]

Share David Phelps of the Star Tribune has an article on Tom Petters in the Strib this morning.  Within the article, Phelps indicates that Petters’ attorneys are asking for leniency in sentencing because he has developed a tumor and may face the risk of blindness.  Check out this excerpt, and read the full story by [...]

Share The Strib is reporting that Tom Petters sentancing has been delayed again.  Here is an excerpt from a news brief, as well as a link to the full article: The criminal sentencing of Wayzata businessman Tom Petters has been delayed a second time and is now scheduled for April 8 before U.S. District Judge [...]

Share The following information is from the United States Attorney’s Office, Disctrict of Minnesota.  Here you will find all the documents and exhibits used to convict Tom Petters in his ponzi scheme: On December 2, 2009, after a month-long trial and five days of deliberation, a federal jury convicted Thomas Petters, 53, of Wayzata, of [...]

Share As if we haven’t had enough Tom Petters coverage, the Star Tribune piles on with yet another story about the Wayzata businessman: If the prosecution had considered Deanna Coleman, the longtime confidante of Tom Petters and ultimate informant, its key to convicting the Wayzata businessman, the jury didn’t buy it. If the defense’s strategy [...]