BULLETIN: Tom Petters’ Ponzi Case Goes To Jury

ponzinewsThe fate of Minnesota businessman Tom Petters is in the hands of a jury.

Petters was accused last year of operating a $3.65 billion Ponzi scheme.  Testimony in the case lasted a little more than three weeks.

Federal prosecutors blamed the alleged Ponzi on Petters, saying he presided over a colossal fraud that featured phantom sales of consumer electronics to big-box retailers. Petters’ defense counsel blamed the fraud on subordinates.

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