Tom Petters appeals as pauper and seeks public defence

Categories: Tom Petters

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Ken Avidor
Petters hears the judge sentence him to a life behind bars
Tearing a page from the Denny Hecker instructional manual on getting the public to cover the costs of private enterprise deceit, convicted Ponzi schemer Tom Petters filed notice on Tuesday in the Eighth U.S. Circuit Court of Appeals that he intends to appeal his conviction -- and he wants taxpayers to foot the bill.

Petters, found guilty in December of running a $3.7 billion Ponzi scheme, and sentenced last week to 50 years behind bars, says he's broke. Corporate insurance that covered his criminal defense costs won't pay for an appeal. And he wants one of his defense attorneys, Eric Riensche, to defend him on the government's dime.

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