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Thomas Joseph Petters is an American businessman and executive convicted of fraud and imprisoned at the United States Penitentiary, Leavenworth. Petters was the former CEO and chairman of Petters Group Worldwide. Petters resigned his position as CEO on September 29, 2008, amid mounting criminal investigations. He later was convicted for turning Petters Group Worldwide into a $3.65 billion Ponzi scheme and received a 50 year federal sentence.
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