Tag Archives: ponzi scheme

How Did Madoff and Petters Do It?

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Ponzi scheme tycoon Tom Petters was just convicted here in Minneapolis. Along with guys like Bernie Madoff, he stole billions of dollars. What I always wonder, and you may also, is:

How do these guys get other normal people to give them so much money? I have a hard time just getting …

What Made Tom Petters Run?

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In Minneapolis last week, business mogul Tom Petters was found guilty on all 20 counts for running a Ponzi scheme that defrauded people out of over $3 billion. What kind of a person would do this?

Although I don’t know Mr. Petters, I’ve worked as a criminal defense lawyer for over 30 years and have represented/defended a few …