Victims In Petters Ponzi Scheme Getting (Some) Money Back
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MINNEAPOLIS (WCCO) -- Victims of one of Minnesota's largest fraud cases are starting to get some of their money back.
About $16.4 million stolen by Tom Petters has now been returned to 364 investors. That's a tiny portion of the $2 billion that Petters took in a Ponzi scheme.
A jury found Petters guilty of fraud, money laundering and conspiracy in 2009. Since then, a trustee has been working to recover assets taken illegally.
Petters is serving 50 years in prison.
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