Thursday, April 21, 2011

Frank Vennes Hedge Fund Cohort Bruce Prevost to Plead Guilty Today

Yesterday, I posted the news that Frank Vennes and his two hedge fund partners Bruce Prevost, and David Harrold were indicted for fraud (Vennes has an additional charge of money laundering).

The Federal Court in St. Paul has hearings today for Harrold and Prevost - Prevost will apparently be entering a guilty plea. Listen to Bruce Prevost and Frank Vennes talking to Tom Petters in this audio selection from the wire of Deanna Coleman at a meeting 9/9/08: