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Successful MN Restaurateur Files for Chapter 7

Tom Petters, a former Minnesota business mogul, is serving a fifty-year jail term for twenty counts of fraud relating to his $3.65 billion Ponzi scheme. A Ponzi scheme is run by promising high returns to new investors in order to convince them to invest while using the investment money to pay off older investors who [...]

By |2018-05-31T01:18:58+00:00July 2nd, 2012|Blog|0 Comments