AM 1240 WJON » tom petters http://wjon.com Thu, 23 May 2013 03:11:08 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Petters' Associate Vennes Pleads Guilty http://wjon.com/petters-associate-vennes-pleads-guilty/ http://wjon.com/petters-associate-vennes-pleads-guilty/#comments Sat, 02 Feb 2013 02:29:51 +0000 The Associated Press http://wjon.com/?p=165814 A former associate of convicted Minnesota businessman Tom Petters has pleaded guilty to lying to investors in a $3.65 billion Ponzi scheme. Fifty-five-year-old Frank Vennes Jr. of Stuart, Fla., pleaded guilty in federal court Friday to fraudulently raising money from individuals and through hedge funds for investment in Petters Co. Inc.

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]]> http://wjon.com/petters-associate-vennes-pleads-guilty/feed/ 0 Sherburne County Jail photo Petters Bankruptcy Case Trustee Sues BMO Harris Bank http://wjon.com/petters-bankruptcy-case-trustee-sues-bmo-harris-bank/ http://wjon.com/petters-bankruptcy-case-trustee-sues-bmo-harris-bank/#comments Wed, 14 Nov 2012 19:00:30 +0000 The Associated Press http://wjon.com/?p=148122 The bankruptcy trustee recovering money for victims of the Ponzi scheme operated by imprisoned businessman and St. Cloud native Tom Petters is suing BMO Harris Bank, accusing it as the owner of M&I Bank of aiding and abetting the fraud.

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]]> http://wjon.com/petters-bankruptcy-case-trustee-sues-bmo-harris-bank/feed/ 0 Sherburne County Jail photo Judge Dismisses Lawsuit Over St. Ben's Donation http://wjon.com/judge-dismisses-lawsuit-over-st-bens-donation/ http://wjon.com/judge-dismisses-lawsuit-over-st-bens-donation/#comments Wed, 31 Oct 2012 13:00:26 +0000 The Associated Press http://wjon.com/?p=144580 A federal judge has dismissed a lawsuit that attempted to recoup a $2 million donation to the College of St. Benedict made by a businessman convicted of fraud. Tom Petters gave the money to the college in St. Joseph so it would name its auditorium after his parents.

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]]> http://wjon.com/judge-dismisses-lawsuit-over-st-bens-donation/feed/ 0 Sherburne County Jail Photo 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 GE Capital to Repay $19 Million in Petters Settlement http://wjon.com/ge-capital-to-repay-19-million-in-petters-settlement/ http://wjon.com/ge-capital-to-repay-19-million-in-petters-settlement/#comments Thu, 31 May 2012 02:10:44 +0000 The Associated Press http://wjon.com/?p=105746 General Electric Capital Corp. has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme Minnesota businessman Tom Petters was convicted of orchestrating.

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]]> http://wjon.com/ge-capital-to-repay-19-million-in-petters-settlement/feed/ 0 Sherburne County Jail Photo U.S. Supreme Court Won't Review Petters' Conviction http://wjon.com/u-s-supreme-court-wont-review-petters-conviction/ http://wjon.com/u-s-supreme-court-wont-review-petters-conviction/#comments Tue, 15 May 2012 16:03:36 +0000 The Associated Press http://wjon.com/?p=101330 The U.S. Supreme Court says it won't take up the case of Minnesota businessman -- and St. Cloud native -- Tom Petters. In documents made public Tuesday, the nation's highest court denied Petters' request to review his 2009 conviction on charges he orchestrated a $3.65 billion Ponzi scheme.

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]]> http://wjon.com/u-s-supreme-court-wont-review-petters-conviction/feed/ 0 Sherburne County Jail photo Petters Says He's Innocent in 1st Prison Interview http://wjon.com/petters-says-hes-innocent-in-1st-prison-interview/ http://wjon.com/petters-says-hes-innocent-in-1st-prison-interview/#comments Wed, 18 Apr 2012 17:03:42 +0000 The Associated Press http://wjon.com/?p=93575 A Minnesota businessman -- and St. Cloud native -- convicted of engineering a $3.65 billion Ponzi scheme now lives in a two-person prison cell, awakened at 6 a.m. each day by clanging door locks.

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]]> http://wjon.com/petters-says-hes-innocent-in-1st-prison-interview/feed/ 0 Sherburne County Jail Photo Petters Asks US Supreme Court to Review Conviction http://wjon.com/petters-asks-us-supreme-court-to-review-conviction/ http://wjon.com/petters-asks-us-supreme-court-to-review-conviction/#comments Thu, 12 Apr 2012 10:15:23 +0000 The Associated Press http://wjon.com/?p=91695 Attorneys for Minnesota businessman Tom Petters are asking the U.S. Supreme Court to review his 2009 conviction on charges that he orchestrated a $3.65 billion Ponzi scheme.

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]]> http://wjon.com/petters-asks-us-supreme-court-to-review-conviction/feed/ 0 Sherburne County Jail Photo Dayton Signs Bill Limiting 'Clawback' Lawsuits http://wjon.com/dayton-signs-bill-limiting-clawback-lawsuits/ http://wjon.com/dayton-signs-bill-limiting-clawback-lawsuits/#comments Wed, 04 Apr 2012 02:12:05 +0000 The Associated Press http://wjon.com/?p=89257 Gov. Mark Dayton has signed a bill to exempt charitable groups from having to return tainted donations after the expiration of a two-year statute of limitations.

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]]> http://wjon.com/dayton-signs-bill-limiting-clawback-lawsuits/feed/ 0 Appeals Court Affirms Petters Conviction, Sentence http://wjon.com/appeals-court-affirms-petters-conviction-sentence/ http://wjon.com/appeals-court-affirms-petters-conviction-sentence/#comments Fri, 09 Dec 2011 14:36:51 +0000 The Associated Press http://wjon.com/?p=57645 A federal appeals court has upheld the 2009 conviction and 50-year prison sentence of Tom Petters. The Minnesota businessman and St. Cloud native was found guilty of orchestrating a $3.7 billion Ponzi scheme.

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]]> http://wjon.com/appeals-court-affirms-petters-conviction-sentence/feed/ 0 Sherburne County Jail Photo Sun County Airlines Sold To Southern Minnesota Family http://wjon.com/sun-county-airlines-sold-to-southern-minnesota-family/ http://wjon.com/sun-county-airlines-sold-to-southern-minnesota-family/#comments Wed, 20 Jul 2011 22:02:32 +0000 The Associated Press http://wjon.com/?p=22915 Sun Country Airlines has been sold to the owners of Cambria, the Le Sueur-based maker of quartz countertops Sun County was sold Wednesday to a private company owned by the Davis family of St. Peter, owners of Cambria Holdings LLC.

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]]> http://wjon.com/sun-county-airlines-sold-to-southern-minnesota-family/feed/ 0 Getty Images 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 Hedge Fund Managers Plead Guilty In Petters' Case http://wjon.com/hedge-fund-managers-plead-guilty-in-petters-case/ http://wjon.com/hedge-fund-managers-plead-guilty-in-petters-case/#comments Fri, 22 Apr 2011 10:32:25 +0000 Jim Maurice http://wjon.com/?p=13332 Two Florida hedge fund managers have pleaded guilty to lying to investors about investments in convicted Minnesota businessman Tom Petters' former company. David Harrold and Bruce Prevost each pleaded guilty Thursday to four counts of securities fraud.

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]]> http://wjon.com/hedge-fund-managers-plead-guilty-in-petters-case/feed/ 0 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 Federal Appeals Court To Hear Petters Case http://wjon.com/federal-appeals-court-to-hear-petters-case/ http://wjon.com/federal-appeals-court-to-hear-petters-case/#comments Thu, 17 Feb 2011 11:44:02 +0000 Jim Maurice http://wjon.com/?p=7940 A federal appeals court hears oral arguments on whether Minnesota businessman Tom Petters deserves a new trial after being convicted of orchestrating a $3.7 billion Ponzi scheme. Federal prosecutors and lawyers for Petters will go before a three-judge panel of the 8th Circuit Court of Appeals in St. Paul at 9 a.m. Thursday.

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]]> http://wjon.com/federal-appeals-court-to-hear-petters-case/feed/ 0 Sherburne County Jail Photo Dozens Of Lawyers Try To Recoup Petters Investments http://wjon.com/dozens-of-lawyers-try-to-recoup-petters-investments/ http://wjon.com/dozens-of-lawyers-try-to-recoup-petters-investments/#comments Wed, 19 Jan 2011 13:47:30 +0000 Jim Maurice http://wjon.com/?p=5217 ST. PAUL  (AP) -- Dozens of attorneys packed a federal courtroom in St. Paul on behalf of clients who lost money in Tom Petters' $3.7 billion Ponzi scheme.

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]]> http://wjon.com/dozens-of-lawyers-try-to-recoup-petters-investments/feed/ 0 Sherburne County Jail photo Federal Appeals Court To Hear Petters Case February 17th http://wjon.com/federal-appeals-court-to-hear-petters-case-february-17th/ http://wjon.com/federal-appeals-court-to-hear-petters-case-february-17th/#comments Tue, 18 Jan 2011 15:45:30 +0000 Jim Maurice http://wjon.com/?p=5113 A federal appeals court has scheduled oral arguments for Feb. 17 in the Tom Petters case. The Wayzata businessman -- and St. Cloud native -- was accused of running a $3.7 billion Ponzi scheme. A jury convicted Petters in 2009 on 20 counts of wire fraud, mail fraud, money laundering and conspiracy. A judge sentenced to him 50 years in prison.

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]]> http://wjon.com/federal-appeals-court-to-hear-petters-case-february-17th/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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