Petters trial delayed until next week
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
The start of the fraud trial of Wayzata businessman Tom Petters is being pushed back to next week.
Jury selection had been scheduled to begin Thursday, but U.S. District Judge Richard Kyle decided during a pretrial hearing Wednesday to postpone the start until Monday, citing unspecified scheduling issues.
Opening statements will likely begin next Tuesday in St. Paul. Federal prosecutors charge Petters ran a Ponzi scheme that cheated people out of $3.5 billion.
Authorities say Petters masterminded a $3 billion fraud scheme over 14 years. Petters, the founder of Petters Group Worldwide, is charged with mail fraud, wire fraud, money laundering and obstruction of justice.
Petters, who is currently being held in the Sherburne County jail, has been in custody since his arrest in October 2008.
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.
