Petters found guilty

By Taryn Thomas

The Star Tribune reported that Tom Petters was found guilty of fraud and money laundering on all 20 federal counts. The jury's deliberations lasted five days. 

These charges were involving his 3.5 billion dollar ponzi scheme. The assistant U.S. Attorney Joe Dixon said that this is the most significant financial fraud to occur in Minnesota. When the decision was read Petter was somber, KARE 11 reported.

The judge did not set a sentencing date but it is expected to be in a couple of months. 

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This page contains a single entry by thoma816 published on December 2, 2009 6:53 PM.

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