Gaining From Reputation From the 3rd part, Petters himself knew how to milk a good reputation. He donated millions of dollars to fund education, forming the Petters foundation, which provide grants and

Scheme Crumbling Down Petters’ Ponzi scheme started to crumble when Acorn Capital Group found out that the payments (and you could also say proceeds) were not going directly to these lockbox accounts of

This is the beginning of the 2nd part. Petters’ Reputation Petters has a good reputation as a businessman, with a promise of 15% to 22% of steady annual returns. To make it appear that he is operating

This is the summary of the Ponzi Scheme entitled “Fraudulent Scheme of Tom Petters”. Background Let me first give you a brief history of Tom Petters started his name in business. Thomas Jefferson Petters