Thomas Petters

Petters Asks Court to Vacate 50-Year Prison Term for Fraud

Thomas Petters, the Minnesota businessman sentenced to 50 years in prison after being found guilty of running a $3.5 billion fraud scheme, asked a U.S. judge to set aside his punishment.

Petters Group Bankruptcy Trustee Sues Ark Royal to Recoup $1.2 Million

The bankruptcy trustee for Petters Group Worldwide LLC, seeking to recoup $1.2 million for creditors, sued the Houston-based investment firm Ark Royal Capital LLC.

Petters Bankruptcy Trustee Sues Florida Investor's Firms for $3.2 Billion

The U.S. bankruptcy trustee for Petters Group Worldwide LLC, seeking to recoup more than $3.2 billion for creditors, sued two investment firms that it says were founded by Florida financier Steve Stevanovich .

Esmerian, St. Vincent, Mesa Air, Petters, Chemtura, Madoff: Bankruptcy

The examiner for newspaper publisher Tribune Co. filed his heavily redacted report yesterday evening and concluded it was “highly likely” that the completion of the leveraged buyout in December 2007 made the parent company “insolvent” and “reasonably likely” the subsidiaries were rendered insolvent.

Petters Feeder Fund Arrowhead Capital Sued by SEC for Aiding Fraud

The U.S. Securities and Exchange Commission sued Arrowhead Capital Management LLC and indicted principal James Fry, alleging they aided the fraud committed by Minnesota businessman Thomas Petters.

Petters Group U.S. Bankruptcy Trustee Sues Minnesota Firm for $105 Million

The bankruptcy trustee for Petters Group Worldwide LLC, whose founder was convicted of fraud last year, sued a Minneapolis investment firm seeking to recoup at least $105 million for creditors.

SEC Sues Petters Connecticut Feeder Fund, Manager Over Alleged Fraud

A Connecticut hedge fund and its manager were sued by the Securities and Exchange Commission for disgorgement of gains made while sending hundreds of millions of investors’ dollars to fraud scheme operator Thomas Petters .

Palm Beach Capital Management Sued by SEC in Petters Case

Palm Beach Capital Management LP was sued by the U.S. Securities and Exchange Commission for allegedly funneling investor money to Thomas Petters ’s $3.5 billion Ponzi scheme.

Muhammad Ali Mementos to Be Sold for Petters Victims

Muhammad Ali boxing gloves, photos and fight robes, as well as a life-size statue of the former heavyweight champion, will be sold to raise money for victims of their owner, convicted swindler Thomas Petters .

Petters Trustee Sues JPMorgan Chase, Ritchie Capital

JPMorgan Chase & Co. and Ritchie Capital Management LLC were sued by the U.S. bankruptcy trustee for companies run by convicted Ponzi schemer Thomas Petters in an effort to recover more than $261 million.

Minneapolis

Minnesota

U.S. Bankruptcy Court

Detroit on Brink of Bankruptcy Suspends Some Debt Payments

S&P 500 Falls on IMF Growth Forecast as Treasuries Rise

U.S. Stocks Fall on IMF Outlook, Warning on Stimulus Exit

Myriad Gene Patent Ruling Triggers Race for Cancer Tests

Singapore Censures 20 Banks on Traders’ Bids to Manipulate Rates