Assets recovered from large Ponzi scheme reach $722 million
June 16, 2021
MINNEAPOLIS (AP) — A bankruptcy trustee's search to recover assets linked to one of the largest financial crimes in Minnesota's history has netted $722 million.
Doug Kelley says his work to collect assets from Tom Petters' $1.9 billion Ponzi scheme is nearly done 13 years after the search began.
A motion filed in U.S. District Court in Minneapolis last week shows the amount recovered and returned to victims and creditors, the St. Paul Pioneer Press reported.
"We can see the light at the end of the tunnel here," Kelley said. "It has been a long and arduous process that was at times bum...