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tom petters (2)

Manalapan: Ponzi schemer gets 50-year sentence

Posted by Mary Kate Leming on April 29, 2010 at 13:24

By Mary Kate Leming

Former part-time Manalapan resident Tom Petters was sentenced to 50 years in prison bya federal court in Minneapolis in early April. The sentence mandates that the least time he could spend behind bars, with credit for good be

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Petters guilty on 20 counts

Posted by Mary Kate Leming on December 31, 2009 at 11:16

Former part-time Manalapan resident Tom Petters was found guilty Dec. 2 of masterminding a $3.5 billion Ponzi scheme. Jurors in St. Paul, Minn. found the Minnesota businessman guilty on 20 counts including wire fraud, mail fraud, conspiracy and money

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