Tom Petters sentencing wrap-up video
Illustrator Ken Avidor, who covered the trial of Tom Petters for City Pages, sends this final video and the following account:
More >>Illustrator Ken Avidor, who covered the trial of Tom Petters for City Pages, sends this final video and the following account:
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In the latest installment of chaos and potential ruin visited upon those touched by convicted swindler Tom Petters, Cathedral High School says it doesn't have the money to repay $250,000 he donated to the school to build an elevator.![]()
The money is part of about $12 million being tracked down by a court-appointed receiver. The school had no idea that the donation, and two other smaller ones, were the profits of ill-gotten gains.
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On the surface, the owner of Sun Country Airlines and Polaroid Corps. was a wildly successful businessman whose pious Christian streak ingratiated him to myriad movers and shakers throughout the state. But that facade came crumbling down in October of last year after he was arrested for orchestrating what was then the largest ponzi scheme in American history (Bernie Madoff stole the show just weeks later).
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