A lot of media outlets are reporting that Tom Petters is facing new federal charges that will replace the other charges of mail and wire fraud. Here is a breakdown of the top stories.
Star Tribune: Petters indicted on charges of conspiracy, fraud
The new charges replace a criminal complaint filed last month by the U.S. attorney’s office. Petters has said that he plans to fight the accusations.
A federal grand jury in St. Paul handed up an indictment today charging Minnesota businessman Tom Petters with two counts of conspiracy and 18 counts of mail fraud and money laundering related to an alleged scheme that bilked investors, including charities, out of more than $3 billion…“
Star Tribune: Tom Petters and associates
Thomas J. Petters, 51, of Wayzata: Founder and CEO of Petters Group Worldwide LLC, the main holding company in Minnetonka. Arrested Oct. 3, held on federal charges without bail.
Deanna Lynn Coleman, 42, of Wayzata: Former vice president of Petters Co. Inc., the Petters investment arm central to the fraud allegations also in Minnetonka. Whisteblower who…
Minneapolis / St. Paul Business Journal: Petters indicted; ‘not guilty’ plea expected Tuesday
A federal grand jury in St. Paul on Monday handed down a 20-count indictment against businessman Tom Petters, accusing him of engaging in an extensive fraud scheme that bilked investors of billions of dollars.
Petters was expected in federal court in St. Paul on Tuesday…
Pioneer Press: Petters indicted by federal grand jury
A federal grand jury in St. Paul indicted Minnesota businessman Tom Petters Monday, charging him with two counts of conspiracy and 18 counts of mail fraud, wire fraud and money laundering.
The charges stem from a federal investigation launched in September that accuses Petters, the founder and former CEO of Petters Group Worldwide, of bilking investors out of more than $3 billion since the mid-1990s…
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