Petters 'clawback' targets seek dismissal

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: April 5, 2011 - 9:08 PM

The effort to recover $1.7 billion in 'phantom profits' from Ponzi scheme is likely to take at least another year.

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nomedsApr. 6, 11 6:18 AM

So they want to keep what is considered stolen funds? Don't think so.

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drbpmbApr. 6, 11 6:51 AM

Clawbacks should not be dismissed they provide a way for additional legal fees which as we know are very important in these cases.

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FrankLApr. 6, 1111:12 AM

nomeds, except that for many of the targets they were just providing goods and services that they were paid for. What's next, go after the pizza delivery guy for his tip!

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iBelieveApr. 6, 11 8:20 PM

Forget the clawback stuff. Unless the people who received money knew there was something illegal going on. The amount isn't even significant. It is just making a lot more money for the lawyers.

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