REUTERS Ponzi schemer Petters gets 50-year prison sentence A federal judge sentenced Minnesota businessman Tom Petters to 50 years in prison on Thursday for running a $3.65 billion Ponzi scheme, one of the largest ever uncovered. The sentence means the 52-year-old founder of Petters Group Worldwide Inc likely will spend the rest of his life behind bars. Prosecutors sought a 335-year sentence, while the defense said a term as short as four years was more appropriate. Petters blew kisses to family members in the packed St. Paul, Minnesota courtroom after U.S. District Judge Richard Kyle handed down the sentence. Petters will appeal the sentence, said Paul Engh, a lawyer for Petters, in an interview. The full story is here .
Showing posts from April 4, 2010
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REUTERS Attorney sues U.S. diocese in latest abuse case The U.S. lawyer accusing the Vatican of covering up priests' sex abuse outlined on Monday the case of a former Minnesota priest who allegedly told a teenage girl that not touching him was a sin. "We are sad and we are alarmed. Sad because so many kids have been wounded and because top Vatican officials don't get it and remain in denial," said attorney Jeffrey Anderson. Revelations of sexual abuse of children by priests and alleged cover-ups have surfaced almost daily in several countries over the past few weeks. The full story is here .