When
Frank Vennes pled guilty February 1st, he claimed he did not know of the Petters fraud until September of 2008 (I don't have access to a transcript, but my notes say Septermber 25, 2008). Federal agents raided the homes of Frank Vennes on September 24, 2008.
The
Star Tribune reported back in 2009:
Frank Vennes Jr., a Shoreview businessman who recruited investors for Tom Petters, learned that the operation might be a fraud scheme in December 2007...
Interesting...