David Phelps

Reporter | Professional services
Phone: 612-673-7269
David Phelps covers the business of law, advertising and financial services. He previously led coverage of the Tom Petters fraud investigation and continues to cover its afternmath. Phelps is a former member of the Star Tribune Washington Bureau who has also covered state and local government and politics.

Recent content from David Phelps

Petters money man Vennes gets 15 years in prison

Frank Vennes, Jr., the born-again ex-convict, who helped Tom Petters raise more than $1 billion for a fraudulent Ponzi scheme, was sentenced Friday to 15 years in prison.

Updated: October 18, 2013, - 11:17 PM

Petters money man Vennes gets 15 years

The born-again ex-convict pleaded guilty to aiding and abetting fraud in 2012.

Updated: October 18, 2013, - 01:49 PM

Oct. 15: Best Buy shares top $40 for first time since 2010

With a closing quote of $40.62, stock in the Richfield-based retailer has basically doubled since Hubert Joly took over as CEO of the beleaguered company in September 2012.

Updated: October 15, 2013, - 08:37 PM

For TV ad buyers, 'art mixes with science'

Ad buyers handicap the new TV season's shows and then choose a portfolio of spots that they hope delivers for clients.

Updated: October 13, 2013, - 07:34 PM

Oct. 10: Petters will have to wait to seek shorter sentence

The Bureau of Prisons can’t get Ponzi schemer Tom Petters to St. Paul next week, which will delay his sentence...

Updated: October 10, 2013, - 09:09 PM

Hedge fund manager Fry gets 17½ years in Petters fraud

Hedge fund manager James Fry was convicted in June of fraud after being accused of steering investors into Tom Petters’ Ponzi scheme.

Updated: October 09, 2013, - 08:21 PM

Feds seek 25 years for Petters ally James Fry

The former hedge fund money-raiser’s attorney suggests only six years, saying his client wasn’t “a core member” of the Ponzi scheme.

Updated: October 07, 2013, - 09:49 PM

Are folk heroes best MNsure spokesmen?

Some question the wisdom of using lumberjack Paul Bunyan and Babe the Blue Ox to pitch health care insurance to...

Updated: October 05, 2013, - 07:05 AM

Obituary: Robert Odegard led University of Minnesota Foundation

Robert “Bob” Odegard was a man of many hats — farmer, naval officer, public official, businessman — but it was...

Updated: October 03, 2013, - 09:01 PM

Minneapolis accounting firm CliftonLarsonAllen will pay Illinois city $35M

Dixon, Ill., had sued CliftonLarsonAllen for not discovering a long-running embezzlement scam by the city’s former comptroller.

Updated: October 01, 2013, - 08:59 PM

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