Petters largesse follows politicians

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: January 27, 2012 - 10:44 PM

Trustees tracking Ponzi scheme profits seek to reclaim more than $500,000 in political contributions.

  • 10
  • Comments

  • Results per page:
  • 1 - 10 of 10
jtriceJan. 27, 12 9:49 PM

"Tom Petters and his Phantom Profits" Sounds like the name of a new punk band!

8
0
saintcroixJan. 27, 12 9:53 PM

Frank Vennes and his family and personaal lawyer spread around a lot more than that. Klobuchar has yet to return her Ponzi-based contribution from Vennes. Bachmann only gave back a portion of her Ponzi money she took from Vennes and family (and then wrote a recommendation for a presidential pardon for Vennes). Ted Mondale was Vennes' first donation. Pawlenty, Coleman, Maark kennedy, the state GOP all got Vennes money. Clawing back this money for Ponzi victims should be the low-hanging fruit for these trustees.

7
0
junifer15Jan. 28, 1212:39 AM

bi-partisan contributor....someone who owns people on both sides of the political aisle so they come out ahead regardless of who is in power. I guess the Democrats can't claim Republican cronyism on this one.

7
7
drbpmbJan. 28, 12 6:41 AM

When this case is finally complete I would like to see David Phelps do an an article on the amount of legal fees paid to Doug Kelley and all other attorneys involved in this case. If he would also include average hourly rate charged by them that would be a bonus. With the smaller amounts of money to be recovered it seems that the only reason to collect is to generate legal fees. The question is after all dollars are collected how much is paid to the people that got cheated in this case and how much went to the lawyers.

8
6
dflpartyJan. 28, 12 8:23 AM

I understand that the Republicans must give the money back and should be charged with campaign finance violations for taking it in the first place. But why in the world do the Democrats need to give it back? They are simply trying to make a larger, more powerfull and more intrusive government; so every little bit helps.

7
12
kenw1952wJan. 28, 12 8:43 AM

Klobuchar has paid the money back....Bachmann is "trying to negotiate a settlement"....what's that saying, "actions speak louder than words".

8
4
mnpls1234Jan. 28, 12 8:52 AM

I can understand why the Democrats are giving the money back as they care about the 99%. But why in the world do the Republicans need to give it back as the money won't go to just the 1%. That will put a wrinkle in their trickle down economy.

9
1
whosaysJan. 28, 1212:49 PM

Wow-so without saying it directly, did Amy Klobuchar get $120,000? Why not spell it out directly? Oh I remember this is the Star Tribune-who only presents the part of the news it want you to read.

5
6
viktorvaughnJan. 28, 12 6:44 PM

Is it reasonable to assume Petters didn't expect anything in return for all of these contributions? Political bribery is open and legal in this country, and we all pay the cost of the corruption it causes.

3
0
ghostreaderJan. 29, 12 4:58 AM

"We're trying to get through this without having to sue people." I don't understand this statement because the case was filed in 2008 so Statute-of-Limitations to file new clawback suits have expired.

0
0
  • 1 - 10 of 10

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT