Petters to request U.S. Supreme Court to review his case

The full Eighth Circuit Court of Appeals is denying convicted Minnesota businessman Tom Petters' request to re-hear his appeal. The Pioneer Press reports Petters will now ask the U.S. Supreme Court to review his case. He was found guilty in 2009 for orchestrating a $3.5 billion Ponzi scheme. The 54-year-old is currently serving a 50-year sentence at a federal penitentiary in Kansas.

Author:: BMTN Staff
Publish date:: Jan 13, 2012
Updated on: Mar 8, 2018

The full Eighth Circuit Court of Appeals is denying convicted Minnesota businessman Tom Petters' request to re-hear his appeal. The Pioneer Press reports Petters will now ask the U.S. Supreme Court to review his case. He was found guilty in 2009 for orchestrating a $3.5 billion Ponzi scheme. The 54-year-old is currently serving a 50-year sentence at a federal penitentiary in Kansas.

DONTCHA KNOW?

BMTN Newsletters Deliver The Biggest MN Stories

Get Our Newsletter

chaska high school google street view screengrab

The discovery is delaying the distribution of the yearbooks.

Water wasn't draining from the outfield grass after rain moved through the L.A. area.

Screen Shot 2019-05-21 at 1.10.48 PM

The restaurant at Bde Maka Ska sustained significant damage.

fire

No people were hurt in the fire.

Julian Decoux

The 34-year-old went missing on May 5.

Screen Shot 2019-05-22 at 4.52.00 PM

The 12-year-old was reported missing earlier this week.

Cinema Grill, New Hope

It happened Sunday in New Hope.

ISTOCK GETTY REUSE OK-police-lights

Three people were injured in the Sunday evening crash.

Karl-Anthony Towns

The former No. 1 picks say they're working daily to improve.

rock climbing

The man fell to his death on Saturday, May 18.

House for sale

The median selling price in April hit $281,000.

Marcus_Stroman_2015

Do the Twins need more pitching to be a true contender?

Petters continues to argue his Sixth Amendment rights were violated because he wasn't allowed to fully question certain witnesses. The full 8th Circuit Court of Appeals denied the former Minnesota businessman's request last year. Petters is serving a 50 year sentence for orchestrating a $3.65 billion Ponzi scheme. He was convicted in 2009.

The Minnesota businessman had asked the nation's highest court to review his case. Petters was convicted on charges of orchestrating a $3.65 billion Ponzi scheme and is serving a 50-year prison sentence. His attorneys argued that the trial judge barred them from presenting evidence.

A federal appeals court has ruled that Minnesota businessman Tom Petters received a fair trial. He was convicted and sentenced to 50 years in prison for orchestrating a multi-billion-dollar Ponzi scheme.

The bankruptcy estate of former Minnesota businessman Tom Petters will receive nearly $34 million. A U.S. District Judge approved three “clawback” settlements with GE Capital, Fredrikson & Byron, and the John T. Petters Foundation. Petters is currently serving a 50-year prison sentence for his fraud conviction.

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.

Deanna Coleman provided more details about Tom Petters' $3.5 billion Ponzi scheme during her testimony in a bankruptcy court hearing. Coleman took part in the fraud before eventually reporting it to authorities.

The receiver in the Tom Petters 'clawback' effort filed a lawsuit to recover a $2 million donation to the College of St. Benedict. The imprisoned businessman donated to the school starting in 2003. A court convicted Petters in 2009 of running a multi-billion dollar Ponzi scheme. College officials say the money was already spent on renovation and construction projects.