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Bank ordered to pay $563 million to victims of Petters fraud

MINNEAPOLIS - A federal jury has awarded a record $564 million in damages to victims of a massive Ponzi scheme by Minnesota businessman Tom Petters. T.

United statesDoug kelleyTom pettersHarris bankRmi bank

Bank ordered to pay $564M to victims of Minnesota businessman fraud scheme

A federal jury has awarded a record $564 million in damages to victims of a massive Ponzi scheme by Minnesota businessman Tom Petters.

United statesDoug kelleyTom pettersHarris bankRmi bank

Jury awards $563 million verdict in lawsuit related to Tom Petters Ponzi scheme

Victims will receive close to $1 billion when interest is calculated, making it the highest dollar amount awarded by a jury in Minnesota history.

United statesDoug kelleyTom pettersTom petters ponziPetters group worldwideHarris bank

BMO ordered to pay $563M in Tom Petters fraud

BMO ordered to pay $563M in Tom Petters fraud
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United statesDoug kelleyMichael collyardPetter ponziRobins kaplanWilhelmina wrightTom pettersFinancial groupPolaroid corpSun country airlinesMarshall ilsley bankTribune content agencyStar tribuneIlsley bankCountry airlines

BMO ordered to pay $563M in Petters fraud; it s largest financial penalty by a Minnesota jury

The award represents the largest single amount recovered for people who were hurt in Minnesota s worst business fraud.

United statesPetter minnetonkaDoug kelleyMichael collyardPetter ponziRobins kaplanWilhelmina wrightTom pettersBmo financial groupPolaroid corpSun country airlinesMarshall ilsley bankMilwaukee based marshallIlsley bankJudge wilhelmina wright

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