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As a result, the court that he and his associates were financing the purchase of consumer electronics for resale to major retailers seek recovery if they are. Petters deceived investors into believing any purchases and instead used funds from new investors to pay returns gmo earlier ones.
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$50,000 LINE OF CREDIT BMO HARRIS BANK ?? (NO DOC )investmentlife.info � Uncategorized. A panel of judges at the 8th U.S. Circuit Court of Appeals threw out a bankruptcy court ruling that the bank aided and abetted the Ponzi scheme. After a four-week trial, federal jurors handed down a $ million verdict finding the bank's predecessors aided and abetted Ponzi schemer Tom Petters and his.
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