Tuesday, September 30, 2008

Mark Petters Scandle

The most recent article I read was about Tom Petters. Tom Petters is a billion dollar man, he got his fortune from being an entrepreneur. he owned Sun Country airlines he also owned and invested in many other companies. Currently Tom Petters is being charged with mail fraud. One of his associates is the scheme was secretly recorded by federal agents. While being recorded he said that he suspected they had taken about 2 billion dollars from the government since 1995. On another one of the recording secret agents obtained they caught Tom Petters talking about "fleeing the country and creating fabricated defenses if the fraud scheme is discovered". A company that is Marjory suffering from this fraud scandal is the Fidelis Foundation who was a massive investor in a non prophet organization called Minnesota teen challenge which treats over 400 teens and adults that have bad addictions. If these charges follow through this charity could lose major funding.

1 comment:

ALLIE said...

i did a blog about this too!