Comment on Victims Of Tom Petters Ponzi Scheme Receive Additional Distribution Of More Than $22 Million In Forfeited Funds

Victims Of Tom Petters Ponzi Scheme Receive Additional Distribution Of More Than $22 Million In Forfeited Funds

The Department of Justice announced today that an additional distribution of $ 22,394,690.03 has been issued to victim investors of the THOMAS PETTERS fraud scheme. These funds, forfeited to the United States through criminal and civil forfeiture proceedings prosecuted in the District of Minnesota, will be sent to approximately 364 victims worldwide.On December 1, 2008, THOMAS JOSEPH PETTERS, of Wayzata, Minnesota, was indicted on multiple counts of mail fraud, wire fraud, money laundering, and conspiracy for orchestrating a $2.1 billion Ponzi scheme.

 

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