- Petters' attorneys ordered to stay on the case
Defense attorneys for Minnesota businessman Tom Petters have to stay on the case. The judge in the case this morning denied their request to quit.March 18, 2009 - Polaroid files for Chapter 11
A spokeswoman for the company says the restructuring and the bankruptcy filing are the result of events pertaining to fraud at Petters Group Worldwide.December 19, 2008 - Sun Country restores employee wages
Sun Country Airlines says it's restoring employee wages that were cut as much as 70 percent as the carrier fell into bankruptcy.December 4, 2008 - Former investors watching Petters fraud case unfold
Twin Cities businessman Tom Petters is now scheduled to go on trial in early February. Petters is facing charges that he masterminded a multi-billion dollar fraud scheme. Petters pleaded not guilty in a federal courtroom in St. Paul Tuesday.December 3, 2008 - Judge sets trial date for Tom Petters
A federal magistrate judge has set a date of Feb. 9, 2009, for the fraud trial of Twin Cities businessman Tom Petters.December 2, 2008 - Tom Petters indicted on new federal charges
A federal grand jury has indicted Minnesota businessman Tom Petters and two of his companies on fraud, conspiracy and money laundering charges.December 1, 2008 - Judge rules Petters must stay in jail
A federal judge in St. Paul ruled today that Wayzata businessman Tom Petters will remain in jail through the end of his trial on fraud charges. The judge said Petters remains a flight risk.October 31, 2008 - Fourth defendant may plead guilty in Petters case
A fourth defendant may plead guilty in the Tom Petters case, which authorities describe as a $3 billion investment fraud scheme.October 17, 2008 - Petters' attorney: 'There's been rush to judgment'
The attorney for businessman Tom Petters says there's been a rush to judgment against his client. Authorities say Petters masterminded a $3 billion fraud scheme over 14 years.October 15, 2008 - Petters Group Worldwide files for Chap. 11
Petters Group Worldwide and a subsidiary have filed for Chapter 11 bankruptcy protection.October 13, 2008 - Minnesota politicians getting rid of Petters donations
Several of Minnesota's most prominent politicians from both political parties are returning donations from businessman Tom Petters or donating the money to charity.October 9, 2008 - Petters to remain in jail; associates plead guilty
Minnesota businessman Tom Petters will remain in jail until he faces trial in what federal prosecutors say is a fraud scheme that took in more than $3 billion from investors.October 8, 2008 - Judge to decide whether to release Petters until trial
A federal judge is expected to rule this morning if businessman Tom Petters should be released from jail until he stands trail for his alleged role in a huge fraud scheme.October 8, 2008 - Petters asks for release; judge to decide tomorrow
Attorneys for Tom Petters argued for his release in court today, noting that although he faces charges of fraud, he is not a danger to the public and is not a flight risk.October 7, 2008 - Sun Country files for Chapter 11 bankruptcy protection
Mendota-Heights Sun Country Airlines filed for Chapter 11 bankruptcy today. The second largest airline serving the Twin Cities said it had no choice because of the legal and financial woes of its parent company, Petters Group Worldwide.October 6, 2008
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