Petters largesse follows politicians - Minneapolis Star Tribune
Posted by admin / Under Tom PettersPetters largesse follows politicians Minneapolis Star Tribune There's a new target in the attempt to recover ill-gotten gains from the Tom Petters Ponzi scheme -- politicians. After recouping phantom profits paid to investors and donations made to nonprofits, bankruptcy trustees and receivers have turned their ... |
Published on Monday 6th of February 2012 05:13:02 PM
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UPDATED: LISTINGS FOR SEASON SIX OF CNBC'S "AMERICAN GREED" - CNBC.com (blog)
Posted by admin / Under Tom PettersUPDATED: LISTINGS FOR SEASON SIX OF CNBC'S "AMERICAN GREED" CNBC.com (blog) Wednesday, February 22nd - "American Greed" Episode 55 - Tom Petters: Generous With Other People's Money Minneapolis businessman Tom Petters buys big companies with other people's money. He earns double-digit profits for investors, saves thousands of ... |
Published on Monday 6th of February 2012 05:13:02 PM
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Petters to Appeal to US Supreme Court - Twin Cities Business (blog)
Posted by admin / Under Tom PettersPetters to Appeal to US Supreme Court Twin Cities Business (blog) Former businessman Tom Petters—who's behind bars for orchestrating a $3.65 billion Ponzi scheme that left hundreds of victims in its wake—is appealing his conviction to the US Supreme Court, according to the Pioneer Press. |
Published on Monday 6th of February 2012 05:13:02 PM
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TV maker to hire 100 workers at Canton plant - Detroit Free Press
Posted by admin / Under Tom PettersTV maker to hire 100 workers at Canton plant Detroit Free Press O'Shaughnessy, who grew up in Warren, Ohio, is a former CEO of Polaroid, when it was owned by Petters Group Worldwide. In 2009, Tom Petters, the former CEO of Petters Group, was convicted of fraud for orchestrating a massive Ponzi scheme and sentenced ... |
Published on Monday 6th of February 2012 05:13:02 PM
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Full appeals court won't re-hear Petters' case - Albert Lea Tribune
Posted by admin / Under Tom PettersFull appeals court won't re-hear Petters' case Albert Lea Tribune MINNEAPOLIS — The Eighth Circuit Court of Appeals has denied Minnesota businessman Tom Petters' request to re-hear his appeal. Petters was convicted in 2009 of running a $3.7 billion Ponzi scheme. In December, a three-judge panel of the appeals court ... |
Published on Monday 6th of February 2012 05:13:02 PM
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Wieffering: This business may look grim, but it plans to reap big profits - Minneapolis Star Tribune
Posted by admin / Under Tom PettersWieffering: This business may look grim, but it plans to reap big profits Minneapolis Star Tribune Such as, what happens to GWG Holdings if the trustee in the Tom Petters bankruptcy wins a $137 million "clawback" action that includes GWG's top executives, Jon and Steve Sabes, who are brothers and its largest shareholders. Or, how confident should ... |
Published on Monday 6th of February 2012 05:13:02 PM
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Ozonator Industries re-launching in US market - StarPhoenix
Posted by admin / Under Tom PettersOzonator Industries re-launching in US market StarPhoenix One thing they discovered was that Hofer and several of his companies were implicated in the notorious Ponzi scheme of Minnesota fraudster Tom Petters. In January 2011, Hofer was sued in US bankruptcy court for $36 million US he allegedly received ... |
Published on Monday 6th of February 2012 05:13:02 PM
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CEO navigates his firm's sale to Trimble - Minneapolis Star Tribune
Posted by admin / Under Tom PettersCEO navigates his firm's sale to Trimble Minneapolis Star Tribune Element, which has been in business since 2007, is run by Michael O'Shaughnessy, a onetime partner of convicted businessman Tom Petters and former CEO of Polaroid when it was part of the Petters business empire. The plant will initially employee 100 ... |
Published on Monday 6th of February 2012 05:13:02 PM
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Minnesota company wants the US to build TVs again - Minneapolis / St. Paul Business Journal
Posted by admin / Under Tom PettersMinnesota company wants the US to build TVs again Minneapolis / St. Paul Business Journal The report has some great details on the history of Element, which nearly folded when Circuit City went under, and O'Shaughnessy, who worked at Polaroid Corp. when Tom Petters owned it and is currently being targeted by the Petters bankruptcy trustee ... |
Published on Monday 6th of February 2012 05:13:02 PM
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Stillwater Township resident Karl Bremer reaches settlement with New Republic ... - Pioneer Press
Posted by admin / Under Tom PettersStillwater Township resident Karl Bremer reaches settlement with New Republic ... Pioneer Press Vennes was a fundraiser for Tom Petters, bringing investors and their cash to Petters' Minnetonka-based business, which supposedly was buying and selling large quantities of consumer goods but was actually a multibillion-dollar Ponzi scheme. |
Published on Monday 6th of February 2012 05:13:02 PM
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