Sept. 27: Feds' probe puts Petters' success story in doubt

  • Article by: DAVID PHELPS , Star Tribune
  • Updated: September 27, 2008 - 10:32 PM

The subject of a fraud investigation, the CEO is known for his golden touch and good works.

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ScottSimonSep. 27, 08 9:09 PM

I'm guessing he dyes his hair. Can you trust people that do that?

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nifferSep. 27, 0810:11 PM

Mr. Petters and friend are being held up for their generosity to Mn Teen Challenge and other charities. My thought is, if the money isn't yours it's easy to be generous. Plus you get recognition and a tax deduction. Looks like there might be some great properties on Lake Mntka for sale in the next few months.

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btaleenSep. 27, 0810:59 PM

You "never" know what your friends do and what goes on behind closed doors in their lives. What went wrong in his life and morals, when did he say I'll screw all my friends and the hell with them. I'm a simple man, at the end of the week when I get my check if I can buy my kid a new glove or hockey stick, or take my wife out for a burger and a beer I feel good about myself. Tom just never got it I guess.

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scottmplsmnSep. 28, 0812:19 AM

How much do you wanna bet that in the future, this will be one of the pieces of the Petter's empire that will be liquidated and a buyer like Southwest or JetBlue will come and snap it up? Bye, bye to another "hometown" airline!

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dragon2000Sep. 28, 0812:40 AM

... he seemed alright, for a "type A" guy. However, that was an impression from a single afternoon, so - who knows?!

However, we can agree that GREED is having detrimental effects on the US economy...

... If you're not part of the solution, then you're part of the problem!!!

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jwalton_mnSep. 28, 0812:46 AM

Unfortunately, all of the acquisitions of failing companies who have been returned to "profitability" are looking suspect. This has an all too familiar ring of the great American dream built on a foundation of unsuspecting investors that have trusted a charismatic personality. Petters is innocent until proven guilty but that feeling in the pit of my stomach says that great disappointment may be just around the corner. Anyhow, a warm Thank You to Sun Country. We've enjoyed the ride and hope is isn't over but are now understanding that your funding and success may be built on a foundation that never was.

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vikingspantsSep. 28, 08 2:20 AM

An ever-increasing number of Minnesotans seem to believe that they can check their morals and sense of decency at the door so they can live lavish lifestyles with addresses such as Eden Prairie, Minnetonka, Shorewood and North Oaks. Please trust, however, that these types of people who reach for huge homes and high lifestyles often aren't achieving such fruits because of their goodwill toward other people and their upstanding morals. These are the people who cheat on their taxes, fire people needlessly, assume roles of power far beyond their capability, and will screw the other guy faster than you can blink an eye. There are a lot of other people who are, and will be, vetted in the near future. In the end, there is always a day of reckoning.

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xz0n3xSep. 28, 08 2:43 AM

I'm really not sure what this rhetoric has to do with anything. Furthermore, if your going to compare apples to apples, wayzata, edina and minnetonka are 1st tier cities, not North Oaks and Shorewood. Petters lives in Edina. Also, not everyone is indecent or a scammer, your just another liberal smoothe whom can't make his own way so you decide to wine about why others have screwed up. If all of this is true, REGARDLESS, Mr. Petters has put food on many peoples plates. What have you done?

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mahoneytSep. 28, 08 6:52 AM

Not ulike our government. This is where people learn to be dishonest because making an honest living DOES NOT PAY. The government will take it away whenever they damn well feel like it. And they will continue to do so. They obviously are NOT listening to the taxpayers.

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redflasherSep. 28, 08 7:45 AM

It's President Bush's fault. He gets blamed for everything else, so why not this also?

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