U.S. says Petters faked checks, orders in Ponzi scheme
Tom Petters concocted fake checks and purchase orders as part of a Ponzi scheme to deceive retailers into believing that he was transacting more business with them than he actually was, the U.S. government said at his trial on Thursday. With Petters looking on at the first full day of testimony, prosecutors...
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The Top 10 Fraudsters You’ve Never Heard of...
By: digitalfever
While notorious con man Bernie Madoff spends the rest of his days pondering his Ponzi scheme in a federal prison, DoTellAll pondered some of the other fraudsters that you probably never heard about. Here’s a list of the top 10.
about 1 month ago
News Stories
- News Source: Reuters | about 1 month agoTom Petters concocted fake checks and purchase orders as part of a Ponzi scheme to deceive retailers into believing that he was transacting more business with them than he actually was, the U.S. government said at his trial on Thursday. With Petters...
- News Source: Star Tribune | about 1 month agoThe first person to testify in the fraud trial of Wayzata businessman Tom Petters described today how Petters Co. Inc. had set up a $50 million line of credit with General Electric Credit Corp...Jack Marrone, an executive with GE Capital in Chicago,...
- News Source: Star Tribune | about 1 month agoBusinessman Tom Petters wanted to "live the life of a corporate tycoon," so he engineered a Ponzi scheme that bilked investors out of billions of dollars, prosecutors said at the start of his fraud trial Wednesday. While Petters' holdings included...
- News Source: Seattle Times | about 1 month agoMinn. — Prosecutors have laid out for jurors how Minnesota businessman Tom Petters engineered what they say was a Ponzi scheme that bilked investors of billions of dollars...Attorney Joe Dickson made his opening statement Wednesday after a jury was...
Blogs
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- Blog Source: blog.taragana.comProsecutor: Bogus orders at heart of Ponzi scheme.
- Blog Source: www.latestcrime.comA federal jury has been sworn in to hear the trial of Tom Petters, a Wayzata businessman accused of running ...
- Blog Source: blog.taragana.comMadoff accomplice denied bail, againNEW YORK — A judge in New York challenged the government to prove that jailed financier Bernard Madoff's former finance chief is a valuable cooperator Wednesday, saying he might be continuing the ...
- Blog Source: blog.taragana.comMadoff case trustee says claims in massive Ponzi scheme rise to almost 9000. May 14th, 2009 Trustee: Nearly 9000 claims in Madoff scamNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets says he's received almost ...
- Blog Source: blogs.wsj.comPeople who were defrauded by swindlers such as Bernard Madoff appear likely to get more tax relief from Congress.
- Blog Source: www.financialpost.comFour people have been fined a total of $26-million in connection with a Ponzi scheme in British Columbia,
Images
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Image Source: www.badidea.co.uk... is probably Dutch bank ...Image Source: www.badidea.co.uk... is probably Dutch bank Fortis, ... -
Image Source: danedegenhardt.file...A Ponzi scheme is a fraudulent ...Image Source: danedegenhardt.file...A Ponzi scheme is a fraudulent ... -
Image Source: www.houstontriallaw... -
Image Source: www.televisioninter...Bernie Madoff\x26#39;s J Ezra ...Image Source: www.televisioninter...Bernie Madoff\x26#39;s J Ezra Merkin ... -
Image Source: 1.bp.blogspot.com -
Image Source: blogs.journalism.cu...We all know that most ETFs are ...Image Source: blogs.journalism.cu...We all know that most ETFs are ...
Videos
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- Video Source: www.truveo.com
- Video Source: www.truveo.comDefense: Petters Didn’t ...Video Source: www.truveo.comDefense: Petters Didn’t Engineer Ponzi Scheme
- Video Source: www.truveo.com
- Video Source: www.truveo.comPonzi Scheme Victims To Share $...Video Source: www.truveo.comPonzi Scheme Victims To Share $2 Million
- Video Source: www.truveo.com
- Video Source: www.truveo.comJury Selection Underway For ...Video Source: www.truveo.comJury Selection Underway For Petters Trial
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