Petters treasurer testifies in fraud trial
In this Jan. 22, 2002 file photo, Tom Petters is shown in Eden Prairie, Minn. Petters, whose Petters Group Worldwide had stakes in companies including Polaroid and Sun Country Airlines, is on trial accused of orchestrating a multibillion dollar Ponzi scheme.
AP Photo/The Star Tribune, Jerry Holt, file
Robert White, who was the treasurer for Petters Company Incorporated, continues his testimony today in the federal fraud trial of Tom Petters. White testified yesterday about his role in the $3.5 billion Ponzi scheme that Petters is accused of running. Investors thought their money was used to buy and sell consumer electronics at a fat profit. But the government says the goods never existed. MPR's Cathy Wurzer spoke with Minnesota Public Radio reporter Marty Moylan, who's been following the trial.
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