Dec 2, 2009
Jury Finds Minn. Businessman Petters Guilty in $3.5 Billion Ponzi Scheme
A jury delivered a sweeping verdict against Minnesota businessman Tom Petters on Wednesday, finding him guilty of all 20 counts in what prosecutors said was a $3.5 billion Ponzi scheme. Petters, who claimed that subordinates carried out the fraud without his knowledge, sat glumly as U.S.