Petters aides enter not guilty pleas on new federal charges - Bring Me The News

Petters aides enter not guilty pleas on new federal charges

Frank Vennes and James Fry will go to trial in February after pleading not guilty to a total of 31 criminal counts, the Pioneer Press reports. The charges include wire fraud, money laundering and making false statements. Both men are accused of helping convicted Twin Cities businessman Tom Petters carry out his $3.5 billion Ponzi scheme.
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Frank Vennes and James Fry will go to trial in February after pleading not guilty to a total of 31 criminal counts, the Pioneer Press reports. The charges include wire fraud, money laundering and making false statements.

Both men are accused of helping convicted Twin Cities businessman Tom Petters orchestra his multi-billion Ponzi scheme. Petters is serving a 50-year prison sentence after jury members found him guilty of fraud in 2009.

Attorney's and experts sifting through the financial mess left behind by Minnesota's largest financial fraud case have collected nearly $70 million for their work and the tab is still growing, the Star Tribune reported in August.

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