Twin Cities Business sat down with the former Wayzata businessman in Leavenworth Penitentiary, where he's serving a 50-year sentence for his role in a billion-dollar Ponzi scheme. But he sticks with the same story he told a courtroom in 2009: He wasn't involved. He says his associates ran the fraud while he was deeply focused on Sun Country Airlines and Polaroid.
Twin Cities police ask for help finding missing 16-year-old
Police say all her family and friends have been contacted, and none of them know where she is.
MPD releases photos of shooting suspect, asks for public's help
The man is wanted in connection with a fatal shooting that happened Wednesday evening.
Support grows for Redmon's Popcorn after shop's sudden closure
The county also commented on the situation, saying it hopes to help owner Zack Redmon.
Prior Lake HS investigating another 'racist' video involving student
The principal said the social media video was reported to them this week.
Walz: Minnesota has secured 1 million rapid, at-home COVID tests for kids
It comes as the delta variant continues to surge in Minnesota, and the omicron variant might follow.
Forest Service limiting permits to BWCAW due to damage, overcrowding
Visitors have been cutting down trees and have been forced to compete for campsites.
Lockdown update: Armed man threatened to go to Kimball High School
A high school and elementary school near St. Cloud went into lockdown as a precaution.
People in Chaska are flushing the wrong crap down the toilet
Water and sewer crews in Chaska have had to clean the same pump four times in the past seven days.
Vikings facing big injury issues ahead of game against Lions
Will it even matter against the winless Lions?
Matthew Coller: What if the Vikings didn't have Detroit?
The Lions have been like two freebies on the Vikings' schedule the past three seasons.
MN will get $116M for water projects as part of infrastructure package
Nationwide, $7.4 billion will be distributed for projects next year.
3rd teenage death from COVID-19 reported in Minnesota
All three of the teenage deaths have occurred in the past three months.
Tom Petters breaks his silence during exclusive interview
The convicted Minnesota businessman recently sat down with Twin Cities Business magazine Editor in Chief Dale Kurschner at a federal penitentiary in Kansas. It's the first time Petters agreed to an interview since being sentenced to 50 years in prison for orchestrating a multibillion-dollar Ponzi scheme. The 14-page feature will be in the May issue of Twin Cities Business that comes out April 18.
U.S. Supreme Court won't review Tom Petters' fraud conviction
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.
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.
Trustee to recover $8.4 million from Tom Petters' former employees
The bankruptcy trustee in the case has struck deals with 30 of the fraudster's former employees. The deals include some sizable settlements with former executives. The money will eventually be redistributed to victims of the multi-billion-dollar Ponzi scheme. Tom Petters is serving a 50-year sentence.
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.
Petters trying to convince U.S. Supreme Court to review his fraud conviction
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.
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