AM 1240 WJON » ponzi scheme http://wjon.com Fri, 24 May 2013 11:59:57 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Home Connected to Petters Ponzi Scheme Seized http://wjon.com/home-connected-to-petters-ponzi-scheme-seized/ http://wjon.com/home-connected-to-petters-ponzi-scheme-seized/#comments Thu, 09 Aug 2012 11:21:54 +0000 The Associated Press http://wjon.com/?p=123943 A Minnesota home purchased with proceeds from a Ponzi scheme will be seized by federal officials. A judge has authorized the U.S. Attorney's Office to seize the home in Minnetrista linked to Tom Petters.

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]]> http://wjon.com/home-connected-to-petters-ponzi-scheme-seized/feed/ 0 Sherburne County Jail Photo Petters Scheme Whistleblower Transferred To Benton County Jail http://wjon.com/petters-scheme-whistleblower-transferred-to-benton-county-jail/ http://wjon.com/petters-scheme-whistleblower-transferred-to-benton-county-jail/#comments Wed, 06 Jul 2011 15:59:09 +0000 The Associated Press http://wjon.com/?p=20994 The whistleblower who exposed the $3.7 billion Ponzi scheme of Wayzata businessman Tom Petters has been transferred back to the Benton County Jail ahead of her release from custody next month.

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]]> http://wjon.com/petters-scheme-whistleblower-transferred-to-benton-county-jail/feed/ 0 Benton County Jail photo Court Won't Hear Restitution Claim In Petters Ponzi Case http://wjon.com/court-wont-hear-restitution-claim-in-petters-ponzi-case/ http://wjon.com/court-wont-hear-restitution-claim-in-petters-ponzi-case/#comments Mon, 13 Jun 2011 15:21:52 +0000 The Associated Press http://wjon.com/?p=18063 The Supreme Court has rejected an appeal from investment funds seeking repayment of their losses in a $3.7 billion Ponzi scheme operated by Minnesota businessman -- and St. Cloud native -- Thomas Petters.

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]]> http://wjon.com/court-wont-hear-restitution-claim-in-petters-ponzi-case/feed/ 0 Sherburne County Jail Photo 3 Florida Men Indicted In Wake Of Petters Scheme http://wjon.com/3-florida-men-indicted-in-wake-of-petters-scheme/ http://wjon.com/3-florida-men-indicted-in-wake-of-petters-scheme/#comments Wed, 20 Apr 2011 21:22:37 +0000 Lee Voss http://wjon.com/?p=13193 A former associate of fallen Minnesota businessman Tom Petters and two hedge fund managers have been indicted on fraud charges.

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]]> http://wjon.com/3-florida-men-indicted-in-wake-of-petters-scheme/feed/ 0 SEC Gets Order Freezing Petters Settlement Money http://wjon.com/sec-gets-order-freezing-petters-settlement-money/ http://wjon.com/sec-gets-order-freezing-petters-settlement-money/#comments Tue, 29 Mar 2011 10:41:52 +0000 Jim Maurice http://wjon.com/?p=11248 Federal regulators have won a court order against a hedge fund manager they accuse of funneling hundreds of millions of dollars from investors in his funds to the $3.7 billion Ponzi scheme run by convicted Minnesota businessman and St. Cloud native Tom Petters.

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]]> http://wjon.com/sec-gets-order-freezing-petters-settlement-money/feed/ 0 Sherburne County Jail Photo Top 10: #4 – Tom Petters Sentenced http://wjon.com/top-10-4-tom-petters-sentenced/ http://wjon.com/top-10-4-tom-petters-sentenced/#comments Tue, 28 Dec 2010 06:01:01 +0000 Lee Voss http://wjon.com/?p=3145 Today on our list of the top 10 stories of 2010 is number 4...the sentencing of St. Cloud native Tom Petters to prison.

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