US man convicted of 3.65 bln dlr Ponzi scheme - Yahoo! News
CHICAGO (AFP) A federal jury found a Minnesota man guilty of running a 3.65 billion dollar Ponzi scheme that fleeced customers for more than 10 years, the Justice Department said in a statement.
Thomas Petters, 53, was convicted on charges of wire fraud, mail fraud and money laundering and faces over 100 years in prison, as well as massive fines.