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If it is true that Acorn lent Petters 300 million it seems like a lot of those dollars must have gone to purchase Polaroid. The timing of these transaction seem off to me but maybe that is how it worked?
If Judge Anne Montgomery thinks it is "to early" for lifting the "freeze" when does the good judge figure it will be to late to lift the freeze allowing creditors suits to proceed against Tom Petters? Whne is the the receiver and his entourage, ("Kelley & Company"), expected to submit a receiverâ€™s report to the Court and the creditors? They have already submitted a $650,000.00 bill to the Court asking to be paid for whatever it is they have accomplished these past few months.
I hope that Kelley & Company don't spend to much time and money finding out what most people already know. That Tom Petter's Byzentine Business Empire is made up of nothing more than a series of corporate entities he used as very expensive props and that the employees of these various corporations were nothing more than actors in his long running Ponzi Scheme.
The movies "The Sting" and â€œMatchbookman" both should be required viewing as a primer for anyone involved in the Tom Petter's confidence scheme. As a simple reminder that con-men don't operate real businesses. They create simple and elaborate chirades, using props and actors.
I will be very surprised if Mr. Kelley and his crew of highly paid investigators discover any Petter's company that is making money. Anyone here know of a single Petter's company which they can say is making money?
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