Tom Petters and Bernie Madoff, both former denizens of Ponzi Island, now guests at the Graybar Hotel... will there be others?
Dealbreaker.com speculates:
Tom Petters was arrested for money laundering by the FBI last October and the SEC said there were $3.5 billion in losses for fund of hedge funds in his Ponzi scheme. For now, court proceedings in the Petters criminal case have been sealed - leaving the victims and the public with few answers about who else conspired in this maze of financial crime and abuse of investor confidence. One such person is a reformed convict turned multimillionaire Frank Vennes....
Stay tuned...
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