Uploaded by frankknee on Sep 5, 2010
See the Film BANNED from Minnesota Television! Panel Discussion following Premiere kicks off with James L. Merriner, political editor, political columnist, and Ex-city editor for the Chicago Sun-Times and the Atlanta Constitution; discussing how Judge Montgomery Abused her Administrative powers assigning a known crook as receiver and trustee, a corrupt lawyer whom was NOT at arm'e length in the Petters affair, while granting him immunity in the same stroke of a pen. William Procida, adds the this is the biggest travesty of Justice he he ever seen in his long carreer as government lawyer.
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.
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