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Create a More Connected Minnesota

Miami University of Ohio says it will return
donations from Tom Petters, a Minnesota businessman convicted this
week in a $3.5 billion Ponzi scheme.


      Miami President David Hodge said in a statement Friday that the
university in southwest Ohio is not interested in keeping money
Petters obtained through fraud or deceit.


      Petters had paid Miami more than $350,000 and had pledged to
give $14 million, including $10 million to the business school. 


It
planned to start a center for leadership, ethics and skills
development in honor of Petters' son, John Petters, a Miami student
killed in Italy during 2004 spring break.


      Lawyers plan to appeal Tom Petters' conviction from Wednesday on
20 counts of wire fraud, mail fraud, conspiracy and money
laundering.


      Information from: The Cincinnati Enquirer,
http://www.enquirer.com
      

Miami University of Ohio says it will return
donations from convicted Minnesota businessman Tom Petters. Petters donated the money in the name of his son, John, a Miami University student who was killed in 2004.

Ohio school returning donations from Petters

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