tom petters

Hedge Fund Managers Plead Guilty In Petters’ Case
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.
SEC Gets Order Freezing Petters Settlement Money
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.
Federal Appeals Court To Hear Petters Case
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…
Federal Appeals Court To Hear Petters Case February 17th
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. …