Thursday, January 10, 2013

Prosecutors Claim Frank Vennes Made Over $350 Million From the Petters Ponzi Scam

In a pretrial document filed yesterday, Federal prosecutors claim Frank Vennes made over $350 million working with Tom Petters. At issue was a defense request to exclude photos of the posh homes once owned by Vennes, valued at $6,000,000 and $4,850,000, The Government alleges Vennes purchased the mansions to impress investors.

There's a little sketch of one of the mansions of Frank Vennes on this map showing the mansions that used to belong to some of the Petters Ponzi cohorts - click on map to make it bigger: