Jury begins 4th day of deliberations in fraud trial of Minnesota businessman Tom PettersDecember 1st, 2009 Petters fraud trial enters Day 4 of deliberationsST. PAUL, Minn. — Jurors have begun their fourth day of deliberations in the fraud trial of Minnesota businessman Tom Petters.
Jury begins 3rd day of deliberations in fraud trial of Minnesota businessman, Tom PettersNovember 30th, 2009 Jury resumes deliberations in Petters trialST. PAUL, Minn. — Jurors are back at the federal courthouse in Minnesota for a third day of deliberations in the fraud trial of Tom Petters.
Jury breaks with no verdict after 3 days of deliberations in Petters fraud trialNovember 30th, 2009 Jury breaks with no verdict in Petters fraud trialST. PAUL, Minn. — Jurors in the Tom Petters fraud trial have gone home without reaching a verdict after three days of deliberations.
Prosecutors blame Petters for $3.5 billion fraud, says he lied when shifting responsibilityNovember 23rd, 2009 Prosecutors blame Petters for $3.5B fraudST. PAUL, Minn. — A federal prosecutor has asked a jury to hold Minnesota businessman Tom Petters responsible for a massive fraud at his company.
Jury deliberations begin in Minn. businessman Tom Petters' fraud trialNovember 23rd, 2009 Minn. jury begins deliberating in Petters trialST. PAUL, Minn. — The fate of Minnesota businessman Tom Petters is in the hands of a jury.
Petters says he planned to tell government about massive fraud; defense rests its caseNovember 20th, 2009 Petters says he planned to tell gov't about fraudST. PAUL, Minn. — A Minnesota businessman accused of running a Ponzi scheme and defrauding investors out of billions of dollars said Friday that a 2008 raid by federal agents on his company was unnecessary and caused its collapse.
Petters denies in testimony desire for high life drove him to multibillion-dollar Ponzi schemeNovember 19th, 2009 Petters insists in testimony associates hid fraudST. PAUL, Minn. — Minnesota businessman Tom Petters stuck to his story Thursday that he didn't know that his close associates were carrying out an enormous fraud at Petters Co.
Petters admits close relationship to top associates, but says they still hid fraud from himNovember 19th, 2009 Petters, on trial, insists associates hid fraudST. PAUL, Minn. — Prosecutors are attacking Minnesota businessman Tom Petters' claim that his trusted associates carried out a multi-billion-dollar fraud behind his back.
Defense starts telling its side in federal fraud trial of Minn. businessman Tom PettersNovember 16th, 2009 Prosecution rests in Petters' fraud trialST. PAUL, Minn. — The defense is telling its side in the fraud trial of Minnesota businessman Tom Petters.
Jury reaches verdict in fraud trial of former Iowa kosher slaughterhouse manager RubashkinNovember 12th, 2009 Verdict in former slaughterhouse manager's trialSIOUX FALLS, S.D. — A jury has reached a verdict at the fraud trial of the former manager of an Iowa kosher slaughterhouse where there was a massive immigration raid.
Petters' defense spotlights recordings in which colleagues wonder about his knowledge of fraudNovember 4th, 2009 Petters team tries to turn recordings to advantageST. PAUL, Minn. — An attorney for the Minnesota businessman accused of orchestrating a massive Ponzi scheme attacked the credibility of the prosecution's star witness Wednesday, playing recordings in which she and other key figures in the case speculated about how much he knew about the scam.
Whistleblower testifies at fraud trial that investor checks at Petters funded employee bonusesNovember 3rd, 2009 Witness: Investor checks at Petters funded bonusesST. PAUL, Minn. — A key aide to a businessman accused of a multibillion-dollar fraud says investors who thought their money was going toward merchandise sales were funding millions in employee bonuses.
Star witness in Petters fraud case says despair of finding way out of scam drove her to fedsNovember 3rd, 2009 Petters aide weeps as she recalls going to fedsST. PAUL, Minn. — The star prosecution witness in the fraud trial of Minnesota businessman Tom Petters wept Tuesday as she explained her decision to go to federal investigators.
At Petters trial, whistleblower and secret recordings paint picture of money problemsNovember 2nd, 2009 Whistleblower recounts money problems at PettersST. PAUL, Minn. — A longtime aide to a Minnesota businessman accused of operating a $3.65 billion Ponzi scheme said Monday that he was struggling to find new money and hold off nervous investors by the time she went to federal prosecutors to report the alleged scheme.
Prosecution outlines how Minn. businessman allegedly engineered multibillion Ponzi schemeOctober 28th, 2009 Prosecutor: Bogus orders at heart of Ponzi schemeST. PAUL, Minn. — Businessman Tom Petters wanted to "live the life of a corporate tycoon," so he engineered a Ponzi scheme that bilked investors out of billions of dollars, prosecutors said at the start of his fraud trial Wednesday.
