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Stories tagged with Petters Group Worldwide

Businessman Tom Petters poses flight risk, judge rules

By A. James Memmott   |   October 8, 2008 at 12:03pm   |   0 Comments

A federal judge in Minnesota today ruled that Thomas J. Petters, the multi-millionaire businessman and philanthropist arrested last week on investment fraud charges, could not be released on bail.

Tom Petters accused of defrauding investors of more than $1 billion

By Laurie Bennett   |   October 4, 2008 at 11:35am   |   0 Comments

Twin Cities businessman and philanthropist Tom Petters was arrested yesterday, charged with mail and wire fraud, money laundering and obstruction of justice.

Twin Cities philanthropist targeted in Ponzi probe

By A. James Memmott   |   October 1, 2008 at 8:38am   |   0 Comments

While the U.S. financial crisis captured the world’s attention, another kind of financial story made headlines in Minnesota last week.


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