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.
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.
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.
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.
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.
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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