Court receiver to oversee Petters' 'entities'

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  • Updated: October 4, 2008 - 9:25 PM
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melanie71068Oct. 5, 0812:07 AM

mafia is involved.........can't you keep the money in minnesota???????????? this country is crazy, ties ties ties.......

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melanie71068Oct. 5, 0812:12 AM

mafia is involved.........can't you keep the money in minnesota???????????? this country is crazy, ties ties ties.......way to bad the whole bunch in jail, favortism...and CW aka Deanna which the feds leaked, isn't out of the country for fear of her life, are the feds gonna save her for their hasty mistake???? let petters go until found guilty or put ALL in jail including the fraud of the us government on 700 +160 billion dollars they let felons get away with for screwing people and getting paid THREE times for a foreclosure, and all the attorneys with them.......put them all on an island which we dont have to pay for.......sick and tired of paying on a single parent salary.......don't make that money to be giving anymore, just takes food out of my kids mouths to feed ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AMEN!

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laserhaasOct. 5, 08 4:59 AM

Petters (purported) former partner - Paul Traub - was the king of big bankruptcy cases in DE, NY and Florida. Traub is trying his best to keep off the radar and all the searches hitting our websites shows that everyone is looking for him. They have had a long time to prepare for this and have wiped most records clear. The question is, where does Petters Group etc., file for Bankruptcy protection. http://fraud-corruption-mnat.blogtownhall.com/

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dagowegOct. 5, 0810:01 AM

The same idiots who cried for less government regulation are now screaming the loudest about the mess that deregulation has brought about.

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kwilson6065Oct. 5, 0811:33 AM

If I was facing the possibility of a criminal indictment, I'd flee the USA to a foreign country which has no extradition treaty with the USA. Who the heck wants to spend the rest of their life in a stinking, violence, boring federal prison. I'd rather be on a nice sunny beach in some eastern European country surrounded by young beautiful women

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lauristonOct. 5, 0812:31 PM

Ill. creditors and other creditors, including banks, no matter where they are located are subject to the jusisdiction of the bankruptcy court. Petters Worldwide management, Doug Kelley, needs to hurry up and file so that its employees and customers know the direction of the company. If there is any equity, the employees are protected to the extent of equity. Creditors, get in line. Tom Petters' growth was like a rocket, with very little investigation into how a warehouse could propel the kind of growth Petters was showing. There is just no way that the margins in the retail business create the purported growth. The sceme of borrowing to make special deals, at high margins, only last as long as you can get the next investor involved in the next deal. Checking the public UCC records in the various states shows a lot of investors did not do their homework. A lot of law firms are in deep do-do on this one. Their creditor/clients should sue the lawyers for their negligence. Insurance covers negligence only not the intentional acts of Petters Worldwide et al. Good luck investors.

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