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

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

Litigator's aviation specialty will land him before U.S. high court

Donald Chance Mark's dad was a pilot for Northwest Airlines for 33 years; his mom was a Northwest flight attendant. Mark represented TWA in a headline-grabbing case and now his client is Air Wisconsin Airlines, in a case that has made its way to the U.S. Supreme Court.

Updated: September 29, 2013, - 06:45 PM

Five years later: Tom Petters' Ponzi scheme

Five years ago,federal agents swarmed business offices of Tom Petters and uncovered a $3.65 billion Ponzi scheme.

Updated: September 23, 2013, - 01:41 PM

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