Petters defense suggests 4-year sentence, not 335
St. Paul, Minn. (AP) — The defense for Minnesota businessman Tom Petters is calling the government's request for a 335-year sentence absurd.
Petters is due to be sentenced next Thursday on 20 counts of fraud, money laundering and conspiracy. The government contends he orchestrated a Pozni scheme that cost investors $3.65 billion.
In a court filing full of obscure literary allusions, defense attorney Paul Engh cites the 150-year sentence for disgraced New York financier Bernard Madoff for an even bigger fraud. If that case is used as a guide, Engh suggests, the math should work out to a sentence for Petters of just over four years.
In a response filed later Thursday, federal prosecutors say Petters remains unrepentant and unworthy of the court's mercy.