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- Tom Petters Goes To Trial In History's Second-Largest Hedge Fund Ponzi Scheme
- Ed's Note: An earlier version of this article incorrectly stated that Fingerhut had filed for bankruptcy protection. That correction has been made. In Minnesota this week, a trial is quietly getting underway to prosecute the alleged mastermind behind the second largest Ponzi scheme in history....
- Blog posts 2009-10-27
Additional Resources
- Polaroid's Chapter 11 Filing Blamed on Petters Fraud
- But Polaroid said it entered Chapter 11 "with ample cash reserves sufficient to finance the Company's reorganization" and that the company would continue operations as normal throughout the restructuring process. Under Chapter 11 of the U.S. Bankruptcy Code, a company must fie a plan for restructuring its debt, so that...
- News items 2009-08-07
- Travel Roundup: Sun Country Files Chapter 11, Xanterra Parks Sold and More
- Sun Country Airlines files Chapter 11 -- Sun Country Airlines filed for bankruptcy protection this week, citing "adverse effects" from "recent events" at its parent, Petters Group Worldwide Inc. The move is reportedly to separate the business from majority stockholder Tom Petters, who was arrested by federal agents on suspicion of defrauding investors...
- Blog posts 2008-10-08
- Shaun Nugent Steps Down as Sun Country Airlines CEO
- ST. PAUL, Minn. -- Sun Country Airlines Chairman Tom Petters announced today the resignation of Shaun Nugent, effective immediately. Nugent tendered his resignation with the Board of Directors, stating that personal reasons prompted his decision.
- Research articles 2007-04-26
- Twice Former Owner Buys Minnetonka, Minn.-Based Catalog Retailer Again.
- By Scott Carlson, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News May 23--Ted Deikel, who has twice owned and sold Fingerhut Cos., might find the Minnetonka-based retail catalog firm back in his fold again. Federated Department Stores Inc. said...
- Research articles 2002-05-23
- Deal for Minnetonka, Minn.-Based Catalog Retailer Appears Nearer.
- By Scott Carlson, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Jun. 12--Ted Deikel, who has twice owned and sold Fingerhut Cos., has moved a big step closer to rescuing the Minnetonka-based retail catalog firm from liquidation. Deikel...
- Research articles 2002-06-12
- Businessman Becomes Owner of Fingerhut Cos. for Third Time.
- By John Welbes, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Jul. 25--Ted Deikel became an owner of Fingerhut Cos. for a third time Wednesday as he and business partner Tom Petters closed on a deal to buy the Minnetonka-based retail...
- Research articles 2002-07-25
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