Here is another recent ponzi scam from Minneapolis Tom Petters, although they only stole $3.5 Billion
He owned several companies around here including Poloroid, and Sun Country airlines. The whole thing was one big fraud, nothing ever existed just a bunch of printed out receipts that investors gave him billions for.
Check it out if you have the time its quite interesting.
Interesting read. I think we’re going to see much, much more of this as the economic woes cause these ponzi/fraud schemes to collapse.
Was Tom Petters a DEMOCRAT by any chance???