ponzi scheme

A Shakopee man has been sentenced for his role in a $3.1 million, multi-state Ponzi scheme.

His is considered "one of the largest and most complex Ponzi schemes in U.S. history.”

The victims of a $2.1-billion Ponzi scheme orchestrated by St. Cloud native Tom Petters have started to see some of the money stolen returned to them.

Former Minnesota Vikings tight end Stu Voigt has pleaded not guilty in an alleged Ponzi scheme.

A recent Minnesota Supreme Court decision could affect the potential recovery of more than $1 billion from lenders who profited from relationships with convicted Wayzata businessman Tom Petters.

The College of St. Benedict will soon be paying back a $600,000 donation given to them by convicted Ponzi Schemer Tom Petters. Petters agreed to donate about $3-million to the college before he was convicted in 2009 of running a $3.5-billion fraud.

The final three defendants have been sentenced in the $3.65 billion Ponzi scheme led by Minnesota businessman Tom Petters.

A former associate of convicted Minnesota businessman Tom Petters has been sentenced to 15 years in prison for lying to investors about a $3.65 billion Ponzi scheme.

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.

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.