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 victims to benefit from Bluestem sale

Victims of the Tom Petters bankruptcy fraud will see more than $60 million from the sale of the company once known as Fingerhut. A trustee says it was the smartest investment Petters made.

Updated: September 30, 2014, - 12:14 AM

Pohlad estate-tax trial begins today in Houston

A high-stakes standoff between the IRS and the estate of the late Carl Pohlad, the real estate billionaire who owned the Minnesota Twins, is set to begin Monday in a Houston courtroom.

Updated: September 29, 2014, - 08:05 AM

Wingnut shows an agency doesn't have to be big to thrive

After nearly a decade in business, Wingnut’s success is a reflection of the way smaller shops still do very well in the advertising business.

Updated: September 28, 2014, - 04:23 PM

Judge sentences former chief executive to 25 years in Bixby fraud

The founder of a Ramsey-based alternative energy firm committed “a magnificent fraud” against investors, judge said.

Updated: September 25, 2014, - 11:15 PM

Florida hedge funds seek $24 billion in Petters-related case

A Florida trustee in the Petters bankruptcy alleges that M&I Bank was complicit in the Ponzi scheme.

Updated: September 25, 2014, - 09:53 AM

Skippy Yippee is out to challenge Jif with new ad campaign

Hormel, the new owner of Skippy peanut butter, hopes to schmooze its existing consumer base and wrest market share from its main rival — the spread whose campaign tagline for years has been, “Choosy mothers choose Jif.”

Updated: September 22, 2014, - 11:17 AM

Ad landscape may change, but the rules remain the same

Steve Bergerson built a first-of-its-kind practice in advertising and trademark law and survived the industry’s seismic shifts since the late...

Updated: September 13, 2014, - 04:15 PM

Prosecutors want 30-year prison sentence for Bixby ex-CEO Robert Walker

Lawyers for Robert Walker, convicted of defrauding investors, argued for six years.

Updated: September 12, 2014, - 08:53 PM

Plymouth lawyer pleads guilty to fraud in Libyan land deal

Timothy Oliver, the Plymouth lawyer who used the ruse of a land development project in Libya to embezzle $500,000 from...

Updated: September 10, 2014, - 09:24 PM

SEC accuses hedge fund manager of pumping stock, filing false invoices

Investors in Minneapolis’ Archer Advisors’ two hedge funds lost more than $1 million.

Updated: September 09, 2014, - 09:23 PM

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