Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

U.S. News

Jury finds Petters guilty in $3.5B fraud case

sfgate.com
Dec. 2, 2009
A jury delivered a sweeping verdict against Minnesota businessman Tom Petters on Wednesday, finding him guilty of all 20 counts in what prosecutors said was a $3.5 billion Ponzi scheme. Petters, who claimed subordinates carried out the fraud without his...
Related Stories from UPI.com

Petters convicted in $3.65B Ponzi scheme

ST. PAUL, Minn., Dec. 2 (UPI) -- A federal jury convicted Minnesota businessman Tom Petters Wednesday on all 20 counts in a $3.65 billion Ponzi scheme.

No verdict yet in $3.6B Ponzi scheme case

ST. PAUL, Minn., Nov. 24 (UPI) -- A federal jury in St. Paul, Minn., broke for the Thanksgiving Day holiday Tuesday without reaching a verdict in the $3.6 billion Tom Petters Ponzi scheme trial.

Judge: Disgraced businessman stays in jail

ST. PAUL, Minn., Oct. 9 (UPI) -- Disgraced businessman Tom Petters will remain in jail until his trial on fraud and money-laundering charges can take place in Minnesota, a judge has ruled.

Petters jailed in $1 billion fraud case

MINNEAPOLIS, Oct. 4 (UPI) -- Minnesota businessman Tom Petters, considered a flight risk, is jailed this weekend on charges he defrauded investors of $1 billion or more, authorities say.
Most Popular
Stories Photos People Comments
Featured Photos
1 of 28
Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler