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Subject: Tom Petters

  • Virtual Coffee: Episode 2

    October 28, 2008
  • Dallas Investment Firm Claims Tom Petters's $3-Billion Ponzi Scheme Cost It $24 Million

    Tom PettersFirst there was Bernie Madoff; then, Alan Stanford. Then came Minnesota's Tom Petters, who, as The Wall Street Journal documented in April, was popped by federal authorities who claimed he operated a $3-billion Ponzi scheme built upon his taking investors' hard-earned scratch to buy flat-screen TVs and other electronic whatchamacallits that he would then resell to Big Box stores like Sam's Club and Costco. Seemed awfully, dunno, GoodFellas -- but, look, it really didn't matter anyway,

    July 2, 2009