Friday, 22 August 2014
Last updated 4 hours ago
Nov 24 2009 | 9:54am ET
The fate of Minnesota businessman, hedge fund manager and accused Ponzi schemer Thomas Petters is in the hands of the jury.
Deliberations began yesterday after both sides finished their closing arguments in St. Paul, Minn., federal court. Petters is accused of running a $3.5 billion investment scam and faces life in prison if convicted of all 20 charges.
Jurors deliberated for about two hours yesterday, and are to continue today.
Petters’s lawyer used his closing argument to hammer home his side’s claim that Petters was a victim of his underlings, who ran “a fraud within a fraud” without his knowledge. Prosecutors called that claim “a lie” and argued that Petters funded his “lifestyle of a corporate tycoon” entirely “with investors’ money.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note