Tom Petters Case- Premiere of SECOND FRAUD Panel Discussion P5

The Panel makes some interesting comments about how the court itself is acting criminally by staging illegal auctions (Polaroid, ETOYS) devaluating the companies to nothing then court cronies buying the asset while closing the doors to reputable bidders ...in cases like US vs Petters leaving the Victims no remedy because the courts and the lawyers took it all. Comments? Videographer: Francis Knize 203 544 9603

See the Film BANNED from Minnesota Television!

The sensational Premiere of "The Second Fraud: A Ponzipalooza" played
at the Uptown Theater, on August 25th, Panel discussion followed featuring: Thane Ritchie, Richard Painter, James L. Merriner, William Procida, and Ryan Frost. Moderated by: William Hillsman, President of North Woods Advertising


THE STORY
THE SECOND FRAUD is a motion picture documentary that exposes the aftermath of the arrest of Twin Cities businessman Tom Petters. Petters was the brilliant mastermind behind the first multi-billion dollar "Ponzi scheme" ever discovered. Our exposé dives into the initial Petters controversy, exploring how he was able to keep his lucrative scheme going for what authorities say was over a decade, ending with his inevitable conviction on December 2, 2009.

When Petters' scheme was unveiled, the local community was left stunned. Not even the cynical press had seen this coming. Eventually, light was cast on a problem much greater than a simple Ponzi scheme. A second story was developing in the aftermath of the first scandal that was much more sinister.

Ultimately we discovered a tangled web of local professionals: judges, politicians and lawyers, some of which may have knowingly or unknowingly allowed the Petters fraud to perpetuate in the first place. Now these groups are left in charge to clean up the mess. As hundreds of years of legal precedent are blatantly ignored, creditors and victims are crying foul from the sidelines as they are swindled a second time by the very system that is in place to protect them.

Category:

Education

Tags:

• Second Fraud
• Tom Petters
• Ponzi