The Tom Petters fraud case

Deanna Coleman

Petters aide: Everything was fake
Article By: DAVID PHELPS ,Star Tribune Publish December 13, 2011 2:00 AM / Update December 12, 2011 8:37 PM
Deanna Coleman's testimony could help trustee recover ''phantom profits'' for those who lost money in long-running Ponzi scheme.

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Tom Petters found guilty

Deanna Coleman

Petters insider Coleman back on stand
Article By: DAVID PHELPS , Star Tribune Publish December 12, 2011 2:00 AM / Update December 11, 2011 6:22 PM
Hundreds of millions are at stake as the trustee seeks to consolidate affiliates in an effort to claw back profits from Petters investors.

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Tom Petters

Petters executives agree to give back $8.5M
Article By: DAVID PHELPS , Star Tribune Publish December 1, 2011 2:00 AM / Update November 30, 2011 9:39 PM
The trustee said bonus money given out by Tom Petters belonged to his Ponzi victims.

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SEC charges 2 local hedge fund managers tied to Petters scheme
Article By: DAVID PHELPS , Star Tribune Publish November 10, 2011 2:00 AM / Update November 9, 2011 7:10 PM
Agency wants Arrowhead Capital, leaders to be banned and to repay "ill-gotten gains."

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Hedge fund manager indicted in Petters fraud case
Article By: DAVID PHELPS , Star Tribune Publish July 20, 2011 2:00 AM / Update July 19, 2011 10:09 PM
Fund manager James Fry was indicted, and new charges were issued against Frank Vennes Jr.

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Deanna Coleman

Petters whistleblower Deanna Coleman near release
Article By: DAVID PHELPS , Star Tribune Publish July 6, 2011 2:00 AM / Update July 5, 2011 9:14 PM
Deanna Coleman is back in Minnesota in advance of her release next month after serving less than a year for her role in the scheme.

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Petters victims lose appeal over repayment of losses
Publish June 14, 2011 2:00 AM / Update June 13, 2011 9:05 PM

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Two plead guilty after latest Petters indictments
Article By: DAVID PHELPS , Star Tribune Publish April 22, 2011 2:00 AM / Update April 21, 2011 8:18 PM
Two Florida hedge fund managers admit to counts of fraud in St. Paul Thursday.

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Feds indict Petters crony Frank Vennes
Article By: DAN BROWNING and DAVID PHELPS , Star Tribune staff writers Publish April 21, 2011 2:00 AM / Update April 20, 2011 10:57 PM
He is alleged to have shepherded billions into Petters' Ponzi scheme.

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Petters 'clawback' targets seek dismissal
Article By: DAVID PHELPS , Star Tribune Publish April 6, 2011 2:00 AM / Update April 5, 2011 9:08 PM
The effort to recover $1.7 billion in 'phantom profits' from Ponzi scheme is likely to take at least another year.

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Petters' Polaroid gets the OK to be put up for sale
Article By: DAVID PHELPS , Star Tribune Publish February 20, 2009 2:00 AM / Update February 19, 2009 8:53 PM
U.S. Bankruptcy Judge Gregory Kishel has given go-ahead approval for the sale of Polaroid Group, one of the few assets of Petters Group Worldwide with tangible value, with bids to open at $42 million.

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Larry Reynolds

Receiver seeks to deny extra expense items for Petters associate Reynolds
Article By: DAVID PHELPS , Star Tribune Publish February 12, 2009 2:00 AM / Update February 11, 2009 11:47 PM

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Assets tied to alleged Petters scam will be sold
Article By: DAN BROWNING , Star Tribune Publish February 6, 2009 2:00 AM / Update February 5, 2009 8:24 PM
Terms were not disclosed in the sale of apartment complexes that belong to a close associate of Petters.

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Michael Catain

Attorney seeks Catain's release from custody
Article By: DAVID PHELPS , Star Tribune Publish February 5, 2009 2:00 AM / Update February 4, 2009 11:28 PM
The Excelsior businessman didn't mean to break the law by taking money in violation of a court order, the lawyer wrote.

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Bloomington accounting firm faces double whammy over Petters, Madoff
Article By: DAVID PHELPS , Star Tribune Publish February 4, 2009 2:00 AM / Update February 4, 2009 9:47 AM
Investors are suing McGladrey & Pullen of Bloomington, blaming it for their losses.

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Opening bid for Petters' Polaroid: $42 million
Article By: DAN BROWNING and LIZ FEDOR , Star Tribune Staff Writers Publish January 29, 2009 2:00 AM / Update January 28, 2009 11:18 PM

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Petters associate ordered to jail
Article By: DAVID PHELPS , Star Tribune Publish January 29, 2009 2:00 AM / Update January 29, 2009 12:39 AM
Michael Catain was locked up after a judge ruled he had spent about $14,000 from a car wash business that was in court receivership.

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Sun Country reports $1 million profit
Article By: LIZ FEDOR , Star Tribune Publish January 29, 2009 2:00 AM / Update January 28, 2009 9:05 PM
A change in its business model and more charter flying brought black ink. The carrier will add a daily Boston flight.

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Petters HQ raided.

Fireworks expected at Petters bankruptcy hearing today
Article By: DAN BROWNING , Star Tribune Publish January 27, 2009 2:00 AM / Update January 27, 2009 8:14 AM
Attorneys expect fireworks at Tuesday's bankruptcy hearing as an investment group tries to block the companies' trustee.

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Vlahos: Petters owes us $16 million
Article By: JON TEVLIN , Star Tribune Publish January 27, 2009 2:00 AM / Update January 27, 2009 5:25 AM
The owner of Redstone American Grill and his wife claim they're among the alleged scam's largest individual victims.

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Tom Petters

Prosecutors say Petters should not be let out of jail
Article By: DAVID PHELPS , Star Tribune Publish January 24, 2009 2:00 AM / Update January 23, 2009 9:00 PM
They assert that a report to the judge confirms the need for custody not only for the fraud suspect but an associate as well.

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Petters, two others accused of hiding or diverting assets
Article By: DAVID PHELPS , Star Tribune Publish January 23, 2009 2:00 AM / Update January 23, 2009 9:34 AM
A new filing says Tom Petters and two associates evaded a court-ordered freeze of their money and property.

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Tom Petters

Petters again seeks release on bail so he can prepare better for trial
Article By: DAVID PHELPS , Star Tribune Publish January 21, 2009 2:00 AM / Update January 20, 2009 10:48 PM
Petters, 0 for 2, makes another pitch to be released on bond. His lawyers say there's no evidence he might flee the country.

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Polaroid's adviser is in a good position
Article By: STEVE ALEXANDER , Star Tribune Publish January 16, 2009 2:00 AM / Update January 15, 2009 9:11 PM
If a bankruptcy judge approves, Houlihan Lokey will make money no matter what road its client may take.

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A 2009 Bentley Brooklands, for $367,815

Hot cars, cold times: Petters' ritzy rides losing value
Article By: JON TEVLIN , Star Tribune Publish January 11, 2009 2:00 AM / Update January 11, 2009 2:31 PM

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Vennes said to have known of Petters scheme
Article By: DAVID PHELPS , Star Tribune Publish January 10, 2009 2:00 AM / Update January 10, 2009 1:29 PM
Frank Vennes Jr., a Shoreview businessman who recruited investors for Tom Petters, found out something was amiss nine months before authorities moved in. Now they want access to his e-mail.

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Lawyers again to seek release for Petters as trial date is set
Article By: DAVID PHELPS , Star Tribune Publish January 9, 2009 2:00 AM / Update January 8, 2009 8:41 PM
The Wayzata businessman will be headed to court June 9. An attorney cited new evidence in the latest bid to have bail set.

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Duluth recovery center plans imperiled by Petters scheme
Article By: LARRY OAKES , Star Tribune Publish January 6, 2009 2:00 AM / Update January 5, 2009 10:34 PM
A foundation lost funds with which to it hoped to turn a former nursing home near Duluth into a haven for addicts and ex-cons.

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Offer to Petters lawyer sends man to prison
Publish December 25, 2008 2:00 AM / Update December 24, 2008 8:26 PM
Swindler in Petters' case gets nearly three years in prison.

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Tom Petters

A glimpse of Petters' lifestyle in court files
Article By: DAVID PHELPS , Star Tribune Publish December 23, 2008 2:00 AM / Update December 23, 2008 11:00 AM
Reports detail costly homes, cars and amenities that the fraud suspect and his cohorts enjoyed.

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Polaroid is latest Petters firm to file Chapter 11
Article By: DAVID PHELPS , Star Tribune Publish December 19, 2008 2:00 AM / Update December 18, 2008 9:36 PM

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Tom Petters

Attorneys in Tom Petters cases seek $1 million
Article By: JENNIFER BJORHUS and DAVID PHELPS , Star Tribune staff writers Publish December 18, 2008 2:00 AM / Update December 17, 2008 11:34 PM
Mounting legal bills raise questions about what will be left for Tom Petters' creditors.

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Deal to buy a judge in Petters case nets a conviction
Publish December 18, 2008 2:00 AM / Update December 17, 2008 7:15 PM
Hennepin County jury convicts man of trying to swindle Petters' lawyer. Man claimed to be able to put a judge in Petters' pocket for $250,000.

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Receiver seeks two Petters condo project foreclosures
Article By: DAVID PHELPS and JENNIFER BJORHUS , Star Tribune Publish December 17, 2008 2:00 AM / Update December 16, 2008 10:13 PM
Creditors fret as Tom Petters' companies founder; Polaroid suffers "substantial losses"and may have to downsize.

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Petters' attorney turns prosecution witness in swindle case
Article By: ROCHELLE OLSON , Star Tribune Publish December 17, 2008 2:00 AM / Update December 16, 2008 9:46 PM
Derrick Riddle "looked at me like I was a piece of meat," Jon Hopeman said. Riddle, who is accused of seeking $250,000 to help the CEO, is acting as his own lawyer in court.

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Accountant charged in Tom Petters case
Article By: DAVID PHELPS and JENNIFER BJORHUS , Star Tribune staff writers Publish December 16, 2008 2:00 AM / Update December 15, 2008 10:20 PM
James Wehmhoff of Plymouth is accused of conspiracy to defraud and assisting in filing of false tax returns in Tom Petters' alleged Ponzi scheme.

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Judge keeps Polaroid safe from 3 suits
Publish December 16, 2008 2:00 AM / Update December 15, 2008 8:05 PM

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Sloppy signature claim doesn't work for man accused of trying to swindle Petters' lawyer
Publish December 16, 2008 2:00 AM / Update December 15, 2008 9:25 PM
Defendant claims sloppy signature should set him free. Man is accused of trying to swindle Tom Petters' lawyer.

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Tom Petters

Tom Petters' lifestyle anything but cheap
Article By: JENNIFER BJORHUS and DAVID PHELPS , Star Tribune staff writers Publish December 11, 2008 2:00 AM / Update December 11, 2008 11:42 AM
Monthly expenses for businessman Tom Petters, accused of fraud, were about $227,268 a month, according to documents filed in federal court.

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Partner buys out Petters' share of Business Impact Group
Publish December 10, 2008 2:00 AM / Update December 9, 2008 8:55 PM

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Tom Petters

Petters case: Court order halting suits on Polaroid is challenged
Article By: JENNIFER BJORHUS , Star Tribune Publish December 6, 2008 2:00 AM / Update December 5, 2008 10:27 PM
The government wants lawyers to keep their hands off Polaroid while it determines whether the firm was "propped up by fraud."

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Petters’ plea to 20 federal charges: Not guilty
Article By: DAVID PHELPS , Star Tribune Publish December 3, 2008 2:00 AM / Update December 3, 2008 11:14 AM
Tom Petters' trial is set for February on fraud and conspiracy counts, but a defense lawyer says it's unlikely he can be ready that quickly.

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Tom Petters

Tom Petters is indicted on 20 counts
Article By: JENNIFER BJORHUS and DAVID PHELPS , Star Tribune staff writers Publish December 2, 2008 2:00 AM / Update December 1, 2008 11:06 PM
The charges step up the government's case and replace a criminal complaint. A defense attorney says the businessman will plead not guilty today.

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The Petters case: Where did the Bentleys go?
Article By: DAVID PHELPS , Star Tribune Publish November 26, 2008 2:00 AM / Update November 26, 2008 1:02 PM
Creditors are lining up for the scraps left from Tom Petters' fortune, some of it hidden in the form of fancy cars and condos.

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Sun Country seeks loan from a Petters company
Article By: LIZ FEDOR , Star Tribune Publish November 26, 2008 2:00 AM / Update November 25, 2008 8:48 PM

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Tom Petters

Committee appointed for Petters creditors
Article By: JENNIFER BJORHUS , Star Tribune Publish November 22, 2008 2:00 AM / Update November 21, 2008 10:45 PM
They all want to know what's left of his businesses.

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Petters investor targeted in suit by Barclays Bank
Publish November 20, 2008 2:00 AM / Update November 19, 2008 11:23 PM

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Mansion of Petters associate for sale; proceeds will be held
Article By: DAN BROWNING , Star Tribune Publish November 7, 2008 2:00 AM / Update November 16, 2008 9:39 AM
Frank Vennes Jr., a Shorewood businessman, got court approval to sell his Florida mansion for $5.8 million. A three-bedroom house in Bismarck, N.D., has already sold.

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Deanna Coleman

The woman who brought down Tom Petters
Article By: DAVID PHELPS and JON TEVLIN , Star Tribune Publish November 2, 2008 1:00 AM / Update November 2, 2008 7:16 AM
She came from humble beginnings but quickly grew accustomed to the millionaire lifestyle she learned from and could afford because of her boss and mentor. It was only when she lost faith in the unscrupulous business practices in which she took part that Deanna Coleman turned to the FBI.

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Mansion of Petters associate for sale; proceeds will be held
Article By: DAN BROWNING , Star Tribune Publish November 7, 2008 2:00 AM / Update November 16, 2008 9:39 AM
Frank Vennes Jr., a Shorewood businessman, got court approval to sell his Florida mansion for $5.8 million. A three-bedroom house in Bismarck, N.D., has already sold.

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Petters' ex-wife

Judge keeps Petters behind bars
Article By: JENNIFER BJORHUS and DAVID PHELPS , Star Tribune Publish November 1, 2008 2:00 AM / Update October 31, 2008 10:59 PM
A wary judge kept him in jail after hearing a phone call and of previous legal troubles.

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Larry Reynolds

An associate of Tom Petters posts bail for his own release
Article By: DAN BROWNING , Star Tribune Publish October 31, 2008 2:00 AM / Update October 30, 2008 9:40 PM
Larry Reynolds will be subject to home detention and electronic monitoring and must pay for a portion of the costs.

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Tom Petters

Part 1: The collapse of the Petters empire
Article By: DAVID PHELPS and JON TEVLIN , Star Tribune staff writers Publish October 26, 2008 2:00 AM / Update October 26, 2008 10:05 PM
Tom Petters, accused of massive investment fraud, has been a salesman since his youth. "He could talk your wallet right out of your pocket," a former boss says.

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Tom Petters

Part 2: Burned: The human toll of the Petters case
Article By: CURT BROWN , Star Tribune Publish October 27, 2008 2:00 AM / Update October 26, 2008 10:31 PM
Flight attendants, hedge funds and retirees are caught in the wake of the federal probe. "I'm trying not to cry," said a woman who may have lost $100,000 in savings.

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Part 3: Tom Petters: Giving that hurts
Article By: DAVID SHAFFER , Star Tribune Publish October 28, 2008 2:00 AM / Update October 27, 2008 11:54 PM
Charities that invested with Tom Petters dropped the ball when it came to making wise choices with donated funds, experts say.

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Tom Petters, David Spade, Jennifer Petters

Part 4: Petters fraud case shakes his family foundations
Article By: JENNIFER BJORHUS , Star Tribune Publish October 29, 2008 2:00 AM / Update October 29, 2008 5:34 PM
The future of the Thomas J. Petters Family Foundation is in doubt, and another named for his son is bracing for fallout from the investment fraud investigation.

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Five funds blame Petters as they file bankruptcy
Article By: JENNIFER BJORHUS , Star Tribune Publish October 29, 2008 2:00 AM / Update October 28, 2008 8:57 PM

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FBI agents hauled boxes of unknown items from the Petters building to...

Petters aide pleads guilty to money laundering
Article By: DAN BROWNING , Star Tribune Publish October 24, 2008 2:00 AM / Update October 25, 2008 9:25 PM
Larry Reynolds admitted to creating an account for money from investors who were told their cash would buy electronics goods.

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Tom Petters

Judge applies brakes to slew of Petters suits
Article By: JENNIFER BJORHUS and DAVID PHELPS , Star Tribune staff writers Publish October 23, 2008 2:00 AM / Update October 22, 2008 10:44 PM
The process of hacking through the intricate legal chaos of an alleged $3 billion fraud case against Twin Cities entrepreneur Tom Petters has only begun.

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Tom Petters

One day, two court dates in the Petters case
Article By: DAN BROWNING , Star Tribune Publish October 22, 2008 2:00 AM / Update October 21, 2008 11:16 PM

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4th Petters defendant may enter guilty plea
Article By: DAN BROWNING and LIZ FEDOR , Star Tribune staff writers Publish October 17, 2008 2:00 AM / Update October 16, 2008 10:58 PM
An alleged money launderer is given a new charge hinting of a plea bargain. Seven more Petters entities filed for bankruptcy.

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Petters sits in jail 'mortified' yet positive
Article By: DAVID PHELPS , Star Tribune Publish October 16, 2008 2:00 AM / Update October 15, 2008 9:55 PM
Through his lawyer, the entrepreneur says he's worried about his family, business and employees.

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Sun Country

Sun Country to pay workers 70 percent of wages
Article By: LIZ FEDOR , Star Tribune Publish October 16, 2008 2:00 AM / Update October 15, 2008 9:55 PM
Bookings have been strong enough to improve on the original reduction to half wages, but cash still is in short supply.

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Sun Country to walk own path during bankruptcy
Article By: LIZ FEDOR , Star Tribune Publish October 15, 2008 2:00 AM / Update October 14, 2008 10:48 PM
Petters Aviation, majority owner of the airline, may sell other assets, including a recently acquired charter carrier.

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Petters' troubles cost jobs at Minnesota Teen Challenge
Article By: CURT BROWN , Star Tribune Publish October 15, 2008 2:00 AM / Update October 14, 2008 11:13 PM
Layoffs at a Minnesota recovery center among the latest effects of the Petters investment scam probe.

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Petters case triggers two more Chapter 11s
Article By: LIZ FEDOR , Star Tribune Publish October 14, 2008 2:00 AM / Update October 13, 2008 11:29 PM
High-profile Twin Cities businessmen among creditors.

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Charities might do well to keep cash, forget name
Article By: NICK COLEMAN , Star Tribune Publish October 14, 2008 2:00 AM / Update October 13, 2008 9:57 PM

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Tom Petters

Ministers, nonprofits among the latest investors to sue Petters
Article By: DAN BROWNING and JON TEVLIN , Star Tribune Publish October 11, 2008 2:00 AM / Update October 11, 2008 12:32 AM
They say they invested more than $20 million with the former CEO and his associates.

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Tom Petters

Politicos give Petters campaign cash the heave-ho
Article By: PAT DOYLE , Star Tribune Publish October 10, 2008 2:00 AM / Update October 13, 2008 10:38 AM

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Tom Petters

Layoffs coming at Petters companies
Article By: LIZ FEDOR , Star Tribune Publish October 10, 2008 2:00 AM / Update October 13, 2008 10:38 AM
Petters Group executives focus on saving their businesses as founder Tom Petters awaits trial on fraud charges.

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Petters' political giving
Publish October 10, 2008 2:00 AM / Update October 10, 2008 12:10 AM

PETTERS' POLITICAL GIVING

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James Lileks: Pardon us if we snicker over Petters charges
Article By: JAMES LILEKS , Star Tribune Publish October 10, 2008 2:00 AM / Update October 10, 2008 12:01 AM
Should have left a skyscraper, Tom.

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Petters' cronies plead guilty in fraud scheme
Article By: DAN BROWNING , Star Tribune Publish October 9, 2008 2:00 AM / Update October 9, 2008 3:13 PM
Deanna Coleman of Wayzata, who turned Petters in, and Robert Dean White of Excelsior and Michael Catain of Shorewood admitted to their roles in the scheme.

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At the courthouse

Petters will remain in jail while awaiting trial
Article By: DAVID PHELPS , Star Tribune Publish October 9, 2008 2:00 AM / Update October 13, 2008 10:38 AM
Saying the ex-CEO "has the personality to pull off a flight caper," the judge agreed with federal prosecutors that alternatives to jail were not workable.

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Lancelot investment fund sues and is sued over Petters case
Publish October 9, 2008 2:00 AM / Update October 8, 2008 8:17 PM

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Tom Petters

Lawyers argue over flight risk of Petters
Article By: DAVID PHELPS , Star Tribune Publish October 8, 2008 2:00 AM / Update October 8, 2008 2:26 PM
Prosecutors want Tom Petters jailed until his fraud trial. His lawyer says he won't be a fugitive.

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Liquid 8 Records

Petters' colleague to enter guilty plea
Article By: JON TEVLIN , Star Tribune Publish October 8, 2008 2:00 AM / Update October 7, 2008 10:56 PM
Michael Catain is charged with money laundering conspiracy in what is described as a Ponzi scheme.

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Tom Petters

Petters allegedly has $10M Vegas gambling losses
Article By: DAVID PHELPS , Star Tribune Publish October 7, 2008 2:00 AM / Update October 7, 2008 10:30 AM
A receiver is appointed to run Petters' companies; more investors sue to recover money.

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A Sun Country 737 at MSP

Sun Country files for bankruptcy
Article By: LIZ FEDOR , Star Tribune Publish October 7, 2008 2:00 AM / Update October 6, 2008 10:46 PM
The Mendota Heights airline said it will continue to fly its regular schedule.

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Reformed convict part of Petters probe
Article By: JON TEVLIN , Star Tribune Publish October 5, 2008 2:00 AM / Update October 4, 2008 8:27 PM
Millionaire Frank Vennes Jr. once gave inspirational talks to prisoners but is now under investigation.

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Court receiver to oversee Petters' 'entities'
Publish October 5, 2008 2:00 AM / Update October 4, 2008 9:25 PM

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Tom Petters

Petters jailed; court papers say he planned to flee the country
Article By: JAMES WALSH and LIZ FEDOR , Star Tribune staff writers Publish October 4, 2008 2:00 AM / Update October 4, 2008 4:01 PM
Agents arrested him Friday, partly in response to taped conversations showing he had plans to leave the country, documents say. He is held without bail on fraud charges.

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Sun Country Boeing 737-800

Sun Country warns of shutdown
Article By: LIZ FEDOR , Star Tribune Publish October 3, 2008 2:00 AM / Update October 2, 2008 9:38 PM
Airline leaders say they expect to survive a cash crisis but warned of layoffs or a shutdown as early as Dec. 1 to comply with a 60-day notification law.

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Tom Petters

Oct. 1: Petters inquiry reverberates globally
Article By: DAVID PHELPS , Star Tribune Publish October 2, 2008 2:00 AM / Update October 1, 2008 9:20 PM
As investors abroad hear of possible losses, a new lawsuit is filed.

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Federal prosecutors charge former Petters Co. officer
Publish October 1, 2008 2:00 AM / Update September 30, 2008 11:23 PM

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Tom Petters

Sept. 30: Rich returns giving way to panic and fear
Article By: DAN BROWNING and DAVID PHELPS , Star Tribune staff writers Publish October 1, 2008 2:00 AM / Update October 1, 2008 12:55 AM
A nonprofit and a charity that invested in Tom Petters' unconventional investment plan are worried they will lose millions now that the CEO is the subject of a fraud probe.

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Sept. 29: Sun Country workers face temporary 50% pay cut
Article By: LIZ FEDOR , Star Tribune Publish September 30, 2008 2:00 AM / Update September 29, 2008 10:50 PM
The airline is squeezed for cash but says it will reimburse deferred wages with interest in 2009.

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Tom Petters

Sept. 29: Tom Petters resigns amid federal probe
Article By: DAVID PHELPS , Star Tribune Publish September 29, 2008 2:00 AM / Update September 29, 2008 9:21 PM

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Sept. 28: Sun Country won't ask for more cash from Petters
Article By: LIZ FEDOR , Star Tribune Publish September 29, 2008 2:00 AM / Update September 28, 2008 8:39 PM
The airline's CEO says it will continue its normal flight schedule and won't be affected by its owner's legal woes.

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Tom Petters

Sept. 27: Feds' probe puts Petters' success story in doubt
Article By: DAVID PHELPS , Star Tribune Publish September 28, 2008 2:00 AM / Update September 27, 2008 10:32 PM
The subject of a fraud investigation, the CEO is known for his golden touch and good works.

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Tom Petters

Sept. 26: Federal officials: Petters tied to multi-billion dollar fraud scheme
Article By: DAVID PHELPS and LIZ FEDOR , Star Tribune staff writers Publish September 27, 2008 2:00 AM / Update September 26, 2008 11:28 PM
Federal officials, in outlining their case, call Tom Petters the central figure in a suspected scheme that funded his work and lifestyle. Petters maintains he’s innocent, his attorney says.

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Tom Petters

Tom Petters gets back to business day after raid
Article By: LIZ FEDOR and DAVID PHELPS , Star Tribune staff writers Publish September 26, 2008 2:00 AM / Update September 25, 2008 10:23 PM
Owner's legal problems cloud future of cash-strapped Sun Country Airlines.

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