Petters' accountant gets 1 year home detention
The accountant for Minnesota businessman Tom Petters has been sentenced to one year of home detention.
Sixty-nine-year-old James Wehmhoff was sentenced Monday in U.S. District Court in St. Paul. Wehmhoff had earlier pleaded guilty to two counts of tax fraud unrelated to the $3.7 billion Ponzi scheme allegedly orchestrated by Petters.
Judge Richard Kyle says he gave Wehmhoff home detention because Wehmhoff cooperated with prosecutors immediately and has health problems. Wehmhoff faced between 70 to 87 months in prison.
Petters was found guilty on 20 counts of fraud last year and a 50-year prison sentence. He's appealing.
Wehmhoff is the seventh and last defendant to be sentenced for crimes stemming from the discovery of the scheme at Petters Co. Inc.
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Information from: St. Paul Pioneer Press (Copyright 2010 by The Associated Press. All Rights Reserved.)
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