Petters discusses offering fake purchase orders

  • Updated: December 3, 2009 - 4:46 PM

Excerpt of Tom Petters speaking with Deanna Coleman about fake purchase orders:

Tom Petters: We'll write a letter to Palm Beach saying, look, we know Petters has got late payments. We'll deal with Petters. We'll deal with the retailers.

Deanna Coleman: Does Fortress know that all these (purchase orders) are fake?

Petters: [Expletive] no. They don't know they're fake.

Coleman: Okay.

Petters: They're not gonna be lookin' at our POs. They're only looking at one thing. They won't fund until I give them the money. So what I've been doin' over in Switzerland is making a deal.

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