Federal prosecutors argue that the trial surrounding Tom Petters and the subsequent 50-year prison sentence were fair-and they ask that the Ponzi schemer's appeal be denied.
Leadership
Dave Durenberger’s long campaign for moderation.
That’s Legislative Auditor James Nobles’ take on the state’s pension system. How did it happen? And how long a ladder might taxpayers need to provide?
The U.S. Securities and Exchange Commission has requested that Ronald Peterson of Chicago-based Jenner & Block, LLP, be appointed receiver to manage the assets of Gregory Bell and his funds.
Latest Articles
The U.S. Securities and Exchange Commission has requested that Ronald Peterson of Chicago-based Jenner & Block, LLP, be appointed receiver to manage the assets of Gregory Bell and his funds.
A federal judge on Friday ordered Denny Hecker to remain in jail until his sentencing, but he granted Hecker's request to hire private attorney William Mauzy.
The court-appointed receiver collecting assets from the $190 million Ponzi scheme has asked a judge to approve an "interim distribution" of $2.25 million-which amounts of 1.58 cents on each dollar lost in the scheme.
At a hearing originally requested by Denny Hecker to substitute his lawyer, he was taken into custody after refusing to supply a sufficient answer regarding where his money comes from and why he hasn't paid for his public attorney.
James Wehmhoff is the seventh and final co-defendant to be sentenced for crimes stemming from the discovery of Tom Petters' $3.65 billion fraud scheme and the only one who received no prison time.
Bruce F. PrŽvost and David W. Harrold are accused of having pocketed more than $58 million in fees while funneling more than $1 billion of investors' money into Tom Petters' $3.65 billion Ponzi scheme.
The bankruptcy trustee in the Tom Petters case is seeking $3.7 million from M&I Bank, claiming that a Petters Company, Inc., account was used to funnel investors' funds.
After a judge gave Denny Hecker a 24-hour deadline to turn over insurance checks that allegedly belong to the bankruptcy estate, the fallen auto mogul responded with a 30-page account of how he spent the funds.
Minnetonka-based Arrowhead Capital Management and its affiliates could be liable for up to $5.1 billion in principal and interest that was transferred to them from Petters Company, Inc., over a period of 10 years, according to the suit.
Harold Alan Katz was sentenced Friday to one year and one day in prison for conspiring with Gregory Bell to create fraudulent banking transactions related to Tom Petters' Ponzi scheme.
Can a DIY culture of meet-ups, competitions, and “unconferences” spark more start-ups in the state?
U.S. District Court Judge Richard Kyle recommended that Gregory Bell serve his sentence in Miland, Michigan, and that he participate in a 500-hour residential drug treatment program.
Each company could have been required to pay an $87 million fine in connection with Tom Petters' $3.65 billion Ponzi scheme, but prosecutors recommended that there be no criminal fine so as to return as much money as possible to the victims.
Less than a month after Hecker pleaded guilty to two criminal charges, the trustee in his bankruptcy case is accusing him of concealing assets from the court.
Honoring five of Minnesota's most valued corporate directors.
MSP Communications, 953 Westgate Drive, Suite 107, St. Paul, MN, 55114 © 2026 Key Enterprises LLC All rights reserved.