Petters convicted in ponzi scheme - "Lake Minnetonka Today" TV news - Thursday, Dec. 3

One year to the day after he pleaded not guilty to federal charges, Wayzata resident and prominent Twin Cities businessman Tom Petters was convicted yesterday in US District Court on all 20 counts of mail and wire fraud, conspiracy and money laundering he faced for defrauding investors out of $3.65 billion. A jury found Petters guilty of all charges after deliberating over the course of five days. He faces 30 years to life in prison when he is sentenced, scheduled for early next year. Today ...
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