As many people know, a jury found businessman Tom Petters guilty of running a $3.5 billion Ponzi scheme on Wednesday, December 2. This verdict could mean that he will spend the rest of his life in jail. His attorneys are planning on appealing his conviction on 20 counts of fraud and conspiracy.
Yesterday, Minnesota Public Radio correspondent, Cathy Wurzer, interviewed the Holloran Center’s Fellow, Hank Shea. Shea is a former federal prosecutor who specialized in white collar crime during most of this twenty years in the Minnesota U.S. Attorney’s office. He’s now a professor at the University of St. Thomas School of Law.
Listen to his comments on MPR: http://minnesota.publicradio.org/display/web/2009/12/03/petters-analysis/