Thursday, December 3, 2009

Tom Petters Found Guilty of $3.65B Ponzi Scheme

Yesterday a Minnesota jury found businessman Tom Petters guilty for his $3.65B ponzi scheme. The Wall Street Journal reports that, Petters guilty sentence contains 20 counts of wire fraud, mail fraud, money laundering and conspiracy, potentially consigning him to life in prison without parole.

Petters case has been overshadowed by fellow ponzi-schemer, Bernie L. Madoff.

Petters Found Guilty of Fraud

Share this article with your social network, just click below to share now!

No comments: