Fox Business reported a lawsuit against General Electric Company's Finance unit over its relationship with Thomas Petters will move to trial. According to the Fox Business report, Judge Paul Hyman refused to dismiss the federal lawsuit that accused...
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June 16, 2017, 07:22 AM
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The Wall Street Journal reported a federal bankruptcy judge in Florida has granted approval to a lawsuit alleging GE Capital knew that one of its clients, Thomas Petters, was operating a Ponzi scheme. According to the Wall Street Journal Law Blog...
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August 26, 2013, 07:02 AM
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Star Tribune reported that GE Capital has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme orchestrated by Tom Petters, the former Wayzata businessman.According to the report, the settlement is the...
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May 31, 2012, 08:00 AM
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Bloomberg reported that BCI Aircraft Leasing Inc. and its principal, Brian Hollnagel, were found guilty by a federal court jury of engaging in a fraudulent $50 million financing scheme, Chicago U.S. Attorney Patrick Fitzgerald said. He faces as long...
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March 15, 2012, 08:15 AM
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Bloomberg reported that Bruce Donner, the owner of Donner Medical Marketing Inc., a medical equipment company, was sentenced to 18 months in prison for his role in a medical equipment-leasing Ponzi scheme that cost investors $80 million.Mr. Donner...
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March 09, 2012, 08:00 AM
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