Friday, December 19, 2008

Update On Petters Fraud Case: Accountant Pleads Guilty To Tax Fraud

James C. Wehmhoff, 67, of Plymouth, Minnesota, the former Executive Vice President for Petters Group Worldwide, pleaded guilty today to charges of tax fraud. Wehmhoff, the sixth person charged in the Petters ponzi-scheme fraud case, was accused of conspiracy to defraud and assisting in filing of false tax returns. Tom Petters was charged with fraud and money laundering in an alleged $3 billion ponzi scheme.

Read FraudTalk's earlier posts on the Petters case here and here.

Read the story here and here.

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