Petters Group Worldwide, LLC
News and overview for Petters Group Worldwide, LLC
Ritchie Capital Files RICO Lawsuit Against Two Former Petters Executives and Identifies Attorney Douglas A. Kelley and Others as Co-Conspirators [Press Release]
PRNewswire | 6 days 4 hours 7 minutes ago
CHICAGO, Nov. 18 /PRNewswire/ -- Ritchie Capital Management, L.L.C., on behalf of itself and as administrative agent for a group of affiliated lenders whose investors include individuals, charities and pension funds (collectively, "Ritchie"), today filed a lawsuit in the U.S. District Court in Chicago alleging violations of the Racketeering Influenced and Corrupt Organizations (RICO) Act and fraud by Mary J. Jeffries, former President and Chief Operating Officer of Petters Group Worldwide, LL...
Attorney: Petters was victim of scheme
St. Cloud Times (Minn.) | 26 days 23 hours 12 minutes ago
ST. PAUL (AP) Businessman Tom Petters wanted to ?live the life of a corporate tycoon,? so he engineered a Ponzi scheme that bilked investors out of billions of dollars, prosecutors said at the start of his fraud trial Wednesday.
Update: Petters victim of "foul lies," lawyer says
St. Cloud Times (Minn.) | 27 days 1 hour 11 minutes ago
ST. PAUL Businessman Tom Petters wanted to ?live the life of a corporate tycoon,? so he engineered a Ponzi scheme that bilked investors out of billions of dollars, prosecutors said at the start of his fraud trial Wednesday.
Federal trial looms for Petters case
St. Cloud Times (Minn.) | 29 days 23 hours 10 minutes ago
MINNEAPOLIS Until the Bernard Madoff scandal broke, it was a St. Cloud native and Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.
His empire in ruins, Minn. businessman Tom Petters faces trial in alleged $3.65B Ponzi scheme
Los Angeles Times | 30 days 10 hours 2 minutes ago
MINNEAPOLIS (AP) — Until the Bernard Madoff scandal broke, it was a Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.
Prosecutor: Bogus orders at heart of Ponzi scheme
Yahoo! | 27 days 2 hours 41 minutes ago
ST. PAUL, Minn. – Businessman Tom Petters wanted to "live the life of a corporate tycoon," so he engineered a Ponzi scheme that bilked investors out of billions of dollars, prosecutors said at the start of his fraud trial Wednesday.
Federal trial looms in alleged $3.65B Ponzi scheme
Forbes | 30 days 10 hours 35 minutes ago
MINNEAPOLIS -- Until the Bernard Madoff scandal broke, it was a Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.
His empire in ruins, Minn. businessman Tom Petters faces trial in alleged $3.65B Ponzi scheme -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 30 days 10 hours 57 minutes ago
MINNEAPOLIS (AP) — Until the Bernard Madoff scandal broke, it was a Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.
Accused Ponzi schemer Petters is no victim: government
Reuters | 1 day 10 hours 42 minutes ago
ST. PAUL, Minnesota (Reuters) - The government made a final effort to convince jurors on Monday that accused Ponzi schemer Tom Petters orchestrated a $3.65 billion fraud, and is not the victim he claims to be.
Accused Ponzi schemer Petters is no victim - gov't
Reuters | 1 day 10 hours 47 minutes ago
ST. PAUL, Minn., Nov 23 (Reuters) - The government made a final effort to convince jurors on Monday that accused Ponzi schemer Tom Petters orchestrated a $3.65 billion fraud, and is not the victim he claims to be.
UPDATE 2-Accused Ponzi schemer Petters' case goes to jury
Reuters | 1 day 5 hours 45 minutes ago
ST. PAUL, Minn., Nov 23 (Reuters) - The government made a final effort to convince jurors on Monday that accused Ponzi schemer Tom Petters orchestrated a $3.65 billion fraud, and is not the victim he claims to be.
UPDATE 1-Accused Ponzi schemer Petters is no victim - gov't
Reuters | 1 day 8 hours 37 minutes ago
ST. PAUL, Minn., Nov 23 (Reuters) - The government made a final effort to convince jurors on Monday that accused Ponzi schemer Tom Petters orchestrated a $3.65 billion fraud, and is not the victim he claims to be.
Petters says he tried to "fix" fraud at his company
Reuters | 5 days 5 hours 44 minutes ago
ST. PAUL, Minn., Nov 19 (Reuters) - Federal prosecutors on Thursday confronted Tom Petters over his claim that after he belatedly became aware of the fraud that bankrupted his company, he tried to repair the damage.
Accused US Ponzi schemer: I learned of fraud late
Reuters | 4 days 5 hours 35 minutes ago
ST. PAUL, Minn., Nov 20 (Reuters) - Minnesota businessman Tom Petters made a final push on Friday to convince a federal jury he was not responsible for a $3.65 billion Ponzi scheme that bankrupted his company.
Accused Ponzi schemer: I learned of fraud late
Reuters | 4 days 6 hours ago
ST. PAUL, Minnesota (Reuters) - Minnesota businessman Tom Petters made a final push on Friday to convince a federal jury he was not responsible for a $3.65 billion Ponzi scheme that bankrupted his company.
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Company Overview
| Company: | Petters Group Worldwide, LLC |
|---|---|
| Industry: | Consumer Products Manufacturers |
| Website: | http://www.pettersgroup.com |
Petters Group Worldwide is named for founder and chairman Tom Petters -- not for what it does. It's a collection of some 20 companies, most of which make and market consumer products. Holdings include SoniqCast (maker of portable, WiFi MP3 devices), leading instant film and camera firm Polaroid (purchased for $426 million in 2005), Sun Country Airlines (acquired in 2006), and Enable Holdings (online marketplace and auction for consumers and manufacturers' overstock). It has a minority interest in Fingerhut (consumer products via its catalog and Web site). Tom Petters founded the company in 1988. In October 2008 Petters Group Worldwide filed for Chapter 11 bankruptcy protection.
Key Numbers
| Sales in U.S. Dollars (mil.) | 0 () |
|---|---|
| One-year % Growth in Sales | 0.0 () |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End | December |