Minnesota man sentenced to 50 years for money laundering

Tweet Thomas Petters, a Missouri businessman, was sentenced to 50 years in jail today for carrying out a Ponzi scheme that netted about US$3.7 billion over a 16-year period. In December 2009, Petters was convicted of several charges including conspiracy to commit money laundering, and money laundering. Petters’ company, Petters Worldwide Group, once owned Polaroid. […]