MINNEAPOLIS — The attorney for convicted Minnesota businessman Tom Petters says their fight is “far from over” and they plan to appeal.
Jon Hopeman said Thursday that Petters is “doing very well” despite being found guilty on Wednesday of fraud, conspiracy and money laundering.
Tom Petters plans to appeal the verdict that found him guilty on all 20 counts for his role in orchestrating a $3.5 billion Ponzi scheme, the Associated Press reported Thursday.
Petters’ defense attorney, Jon Hopeman, told the AP his client’s push to win the case “is far from over.” Petters can’t officially appeal the decision until his sentencing, which is expected to occur in the next two months.
Judge Kyle read the verdict;, guilty on all twenty counts.
Tom Petters showed no emotion as judge completed the formalities and dismissed the jury.
A jury today found Tom Petters guilty of all 20 felony counts, ending the largest fraud case in Minnesota state history.
Petters, wearing a dark gray suit, white shirt and burgundy tie, showed no emotion as the verdict was read late this afternoon by U.S. District Judge Richard Kyle. Sentencing is expected in a couple of months.
ST. PAUL, Minn.—Deliberations in the fraud trial of Minnesota businessman Tom Petters resumed for a fifth day Wednesday.
The jury broke Tuesday evening after spending about 24 1/2 hours discussing the charges and evidence in the case since closing arguments last week.
Jurors have begun their fourth day of deliberations in the fraud trial of Minnesota businessman Tom Petters.
St. Paul, Minn. — The seven men and five women deciding the fate of businessman Tom Petters resume their deliberations Monday.
Petters is accused of masterminding a scheme that cost investors more than $3.5 billion.
The jurors deliberated for about nine hours early last week, before taking a three-day break for Thanksgiving.
The fate of Minnesota businessman Tom Petters is now, as we write, in the hands of a federal jury in St. Paul. Click here for the AP story on deliberations; here for a Bloomberg story on the end of the testimony and arguments; here for other recent LB posts on Petters, who’s been accused of masterminding a $3.5 billion Ponzi scheme.
The jury will resume deliberations at 9 a.m. Monday at the federal courthouse in St. Paul.
