Tom Petters has been found guilty of masterminding a $3.65 billion Ponzi scheme for more than a decade. Justice has been served…but has it?
What happens to the victims of Petters’ crimes, those who invested in the legitimate pieces of his empire? Where is their money?
The man appointed to protect their interests is Doug Kelley. Incidentally, Doug Kelley is the very same man retained by Tom Petters himself following the FBI raid of his offices in 2008. It doesn’t end there. Doug Kelley was also appointed bankruptcy trustee for PCI and PGW. In the Bernard Madoff case in New York these roles were filled by three different people.
Something is not right in MN….. Find out more in The Second Fraud.
There are clips from the documentary on the website.
The documentary is also mentioned in this ad from the Stop The Petters Scam website:
The Stop the Petters Scam Foundation, the sponsor of this series of ads revealing behind-the-scenes maneuvers in the Tom Petters criminal and bankruptcy cases, is expanding its efforts to secure justice for Petters’ victims and creditors.
Our efforts were interrupted when the Minneapolis Star Tribune, after printing nine of the ads, abruptly refused to publish the six remaining in the planned series. We now are running the ads in the Pioneer Press. Meanwhile, we have retained former U.S. Senator Dean Barkley as our general counsel. “We saw justice done when a jury convicted Tom Petters of cheating people out of billions of dollars, ”
Barkley says. “Unfortunately, it isn’t clear at all that justice is being done for the many victims and creditors who are looking to get at least some of their money back.” He will continue the Foundation’s review of its legal options following the Star Tribune’s sudden decision to yank the political advocacy ads. Barkley is well known to Minnesotans as the chairman of the
independent campaign that put Jesse Ventura in the governor’s of"ce in 1998. Barkley also completed the Senate term of the late Paul Wellstone and then ran for a Senate seat as an independent in 2008.
The Stop the Petters Scam Foundation was founded by attorney Garrett Vail, who has been hot on Petters’ trail since 1999 when he "rst approached law enforcement of"cials with evidence of Petters’ frauds. Vail also announced that the Foundation has acquired a helping hand in its grassroots campaign for victims’ and creditors’ rights. Citizens Against Unjust Seizures, Inc. (CAUS), based in the Washington, D.C. area, is a new public interest group "ghting governmental abuses of its
asset-forfeiture powers in criminal and bankruptcy cases. CAUS has named Gary Nordlinger as its executive director. As a public affairs consultant, Nordlinger has provided political and communications strategy for hundreds of public offcials, associations, labor unions, and corporations in twenty-eight countries on six continents.
On still another front, independent "filmmaker Ryan Frost has produced The.Second.Fraud, a documentary about how Petters’ Ponzi scheme was followed by the efforts of a ring of professionals to loot Petters’ remaining assets. The Second Fraud will be screened in the Twin Cities soon — watch for show times and venues. Tomorrow: As citizens organize to !ght forfeiture and bankruptcy scams, which public of!cials will stand up for victims' rights?
Interesting.
