Tom Petters' restitution order names victims
No investor lost more money to convicted Ponzi schemer Tom Petters than Ritchie Capital Management: $165 million.
Now we have the names of Tom Petters' victims
No one lost less in the $3.65 billion scheme than Louise Remley and her $9,420.
Their losses, along with those of 432 others, are listed as part of a restitution order released yesterday by prosecutors in federal court.
Here's the list. It includes investors all over the country, some of whom lost tens of millions of dollars.
The order was released yesterday as part of Petters' sentence; he's already serving a 50-year prison term.
Under the law, the victims are entitled to mandatory restitution for their losses. Those named have until May 12 to file formal disagreements with the amount of money they are owed. Here's the full text of the order.
Meantime, the court-appointed receiver in the Petters bankruptcy continues to track down "winners" in the Petters scheme. He tells the Star Tribune he's clawed back about $200 million of the $500 million sought.