Update On Petters Case: Authorities Charge Him & 2 Associates With Hiding Assets

Minnesota businessman Tom Petters, who has been accused in a $3 billion fraud scheme, has now been charged with hiding assets that had been ordered frozen by the court. Petters and two associates, Michael Catain and Deanna Coleman, attempted to "hide or divert" certain assets, including $50,000 from a lodge in Wisconsin, seasons tickets, proceeds from a vehicle that was sold, and other items.

Read FraudTalk's earlier posts on this story here, here and here.

Read the story here.