Champps and Redstone American Grill founder Dean Vlahos told the Star Tribune he lost $26 million as a result of his onetime pal Tom Petters' $3.65 billion Ponzi scheme. He's now looking to escape nearly $12 million in debt.
Bed, Bath & Beyond closing 86 more stores, including in Bloomington
The struggling chain closed a store in St. Cloud last year.
Tributes to KARE 11 sports producer who has died at age 35
KARE says Andrew Trowbridge died following a 'brief illness.'
Man pleads guilty to murder of Inver Grove Heights father
Michael Chang-Beom Lee, 43, was killed during a burglary at his home.
Price comparison: How much do eggs cost at Twin Cities grocery stores?
Prices have been spiking, so where can you find the cheapest eggs?
Police: Boy run over by school bus recovering from 'severe internal injuries'
The incident remains under investigation.
FOX 9 promotes Hannah Flood to anchor, adds new reporter
Hannah Flood will co-anchor mornings while Se Kwon joins the team.
Watch: Suspects drive wrong-way on I-35E, before carjacking separate vehicles
The Ramsey County Sheriff's Office said the suspects are still at large.
MPCA: Minnesota's emissions fell by 23% between 2005 and 2020
Clean energy investments have driven the decline.
Community steps up for dog found shot in Douglas County
The dog faces a long road to recovery.
Former U.S. Senator for Minnesota Dave Durenberger dies at 88
Durenberger served two terms before his disgraceful exit in the mid-1990s.
Feds to seize Twin Cities home tied to Petters' Ponzi scheme
The U.S. Attorney's Office was given the go-ahead Wednesday by a federal judge to seize a Minnetrista home that was purchased with proceeds from the Tom Petters' Ponzi scheme. The house until recently was occupied by Allen Munson, the ex-husband of former Petters' associate, Deanna Coleman.
Petters partner recounts 14 years of fake business deals
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.
Petters receiver goes after $2 million donation to St. Benedict
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.
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.
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.
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.
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