Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Petters' victims may finally get some money back


Eight years after investigators seized control of Tom Petters’ criminal empire, his victims are finally close to getting back some of the money they lost in the largest Ponzi scheme in Minnesota history.

But court records filed this month show the payments will not come close to the $1.9 billion pumped into Petters’ long-running scam by hundreds of investors who were fooled into bankrolling a consumer electronics business that didn’t exist.


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