FBI raids billionaire Petters Co

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laserhaas

New member
Joined
Jun 19, 2008
Messages
119
The FBI raided, then arrested Tom Petters and some associates on Fraud, Ponzi Scheme and Obstruction of Justice charges.
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The Feds had Petters under surveillance for quite some time and had Tom Petters on tape stating he intended to flee the country once the Presidential campaigns started in full gear. They also have substantial evidence that Petters instructed (obstructed) others to flee the country as well.
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Strangely the Fed Press statement stipulated that Polaroid, Fingerhut and Ubid were not involved in the affair. The germane thing being that Haas had alerted everyone to Petters and his partner Paul Traub quite some time ago and was initially ignored.
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Speciously you can find no online mentionings of Traub and Petters, while at the same time it appears that Traub exited from Petters Companies as early as the beginning of 2007 - before the feds started wiring a confidential witness on Petters.
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http://www.startribune.com/business/30271744.html?elr=KArks:DCiU1OiP:DiiUiacyKUnciaec8O7EyU
 

mlmleads

The Ambassador of Bad Ass
Joined
Mar 6, 2006
Messages
755
wonder what they were selling that they could raise 2 billion
 

jeffry22

New member
Joined
Sep 21, 2004
Messages
509
He was conning non-profits looking to invest and grow their money. Simply pathetic.
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
Once he partnered with Paul Traub his ability to steal on a National and International level grew expedentially!
 

Railbird

The Great Govenor of California
Joined
Feb 21, 2001
Messages
15,847
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</TD><TD width=1 rowSpan=3></TD></TR><TR vAlign=top><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tim Pawlenty, Governor of Minnesota and Tom Petters</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tom Petters</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tom Petters and Jennifer Petters</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tom Petters and Jennifer Petters</TD></TR><TR><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid; BORDER-BOTTOM: #aaaaaa 1px solid" noWrap align=left width="24%" bgColor=#eeeeee>Details | Download
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</TD><TD width=1 rowSpan=3></TD></TR><TR vAlign=top><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tom Petters, David Spade and Jennifer Petters</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Anne Marie Dillard, David Spade and AJ Discala</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Congressman Jim Ramstad and Tom Petters</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">David Spade</TD></TR><TR><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid; BORDER-BOTTOM: #aaaaaa 1px solid" noWrap align=left width="24%" bgColor=#eeeeee>Details | Download
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</TD><TD width=1 rowSpan=3></TD></TR><TR vAlign=top><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">David Spade</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Jessica Meisels, David Spade, Tom Petters and AJ Discala</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tom Petters and Jennifer Petters</TD><TD class=smTxt style="BORDER-RIGHT: #aaaaaa 1px solid; BORDER-LEFT: #aaaaaa 1px solid" width="24%">Tom Petters and Jennifer Petters</TD></TR></TBODY></FORM></TABLE>
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
Petters is held without bail Trial set for Tuesday

As the Feds had Petters (and others) on tape - planning to leave the country - Therefore he is being held without bail until a hearing on his Bail status on Tuesday.

Paul Traub still has not been mentioned in any of the indictments
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
Judge appoints overseer on Petters Group Worldwide $2 billion in holdings
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Sun Country Airlines, owned by Petters Group Worldwide files for Bankruptcy
 

eek.

bushman
Joined
Sep 22, 2004
Messages
14,459
Sounds perfectly reasonable.
A guy who's sharp enuf to make a billion dollars would definitely shout down the public phonelines to the entire world that he's about to do a runner and flee the country.

yup
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
The whistle blower in the Petters saga - Deana Coleman - is pleading guilty. As is Robert White. This is just a week after the FBI raid on Petters Group Worldwide. - something smells Here!
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
Wonder what Monday morning will bring? A world record of pleading guilty within ten days has occurred by several individuals. Something smells rotten here and it ain't just the fleeced billions!
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
the Fed's seized the assets of Frank Vennes and other co-conspirators in the Petters Fraud
 

laserhaas

New member
Joined
Jun 19, 2008
Messages
119
Petters case has gone quiet, the National Press refuses to tell the story about the $3 Billion in Fraud - WOW
 

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