Tom Petters gets back to business day after raid

  • Article by: LIZ FEDOR and DAVID PHELPS , Star Tribune staff writers
  • Updated: September 25, 2008 - 10:23 PM

Owner's legal problems cloud future of cash-strapped Sun Country Airlines.

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myob99Sep. 25, 0810:29 PM

I now know more about Sun Country than I ever wanted to know. Yawn.

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mn55066Sep. 25, 0811:19 PM

Petters could be the biggest slimeball in the country, for all I care. However, what ever happened to "innocent until proven guilty"? How can a democracy justify the gestapo tactics that were used on Wednesday against this guy?

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rjf929Sep. 25, 0811:19 PM

While perhaps Petters Group WW will remain, Tom himself is in deep. Without him (as in, he goes to jail), the company won't survive. He is the deal-maker. He will aks for advice from his executive team, and still act unilaterally. His financing was a big ponzi scheme, with unrealistic returns to its investors. Several wealthy individuals in MN will lose $millions via Tom and his "deals." And remember, if all else fails, they can simply indict him on mail fraud (notice the presence of US Postal Inspectors). Too bad. Don't book your Sun COuntry tix too far in advance!

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hnnr03Sep. 25, 0811:34 PM

The feds say they are being "investigated" but do not say why. The feds go to the ceo's home and business to collect computer's ect... If the feds are wrong what are the consequences

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lazer4Sep. 25, 0811:50 PM

It's about time the Government steps in to investigate some of this corporate financing. Let's see, once they clean up this company, it should only take about A MILLION YEARS to complete the investigations of every other company with questionable financing. Holy cow, who's eye did this guy poke to get to the top of the list? Shouldn't he just get a big chunk of the bail out check Uncle Sams about to write?

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swebermnSep. 26, 0812:01 AM

So Petters is under federal investigation and you write an article which is 90% about Sun Country, which you admit has nothing to do with the investigation, and which is also not really interesting or meaningful. How stupid. If you don't have any relevant news to report, then just shut up.

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publicizeitSep. 26, 0812:36 AM

hey if the gov can survelience everyday people illegally who they find nothing on its about time big business guys get a taste of it-at least they usually do find stuff in those raids...with employment down it soundslike a new option for work- do raids on businesses and commission based on fines of found embezellmnt or unpaid taxes...

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st9000Sep. 26, 08 5:53 AM

Before passing immediate judgment on something we know nothing about...how about just waiting till the investigation is complete and see if Mr Petters is actually charged then convicted of any wrong doing.

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runotkiddingSep. 26, 08 9:08 AM

Cases like this are usually motivated by the oversized ego of an FBI agent and a prosecutor who is trying to make name for himself. These government prosecutions have gotten out of hand. The US attorneys office budget should be significantly scaled back.

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natenandiSep. 26, 08 9:50 AM

This article was about Mr Petters ability to subsidize a company that is losing money. A company that employees many Minnesotans. It has to do with local economy people. This story is very relevant if you read it the way it was intended. Fine you may not like big business with potentially crooked CEO's. I for one don't either. But our economy can't take much more negativity. Losing large employers in our community is of great concern. Think about it.

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