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Article: THE PETTERS TRIAL: OPENING ARGUMENTS; PETTERS: THIEF OR VICTIM?(NEWS)

Article from:
Star Tribune (Minneapolis, MN)
Article date:
October 29, 2009
Copyright

Byline: DAVID PHELPS; STAFF WRITER

Contrary to his public persona, Tom Petters was not the successful businessman he seemed to be as he boldly acquired Sun Country Airlines and Polaroid Corp. and gave generously to charities, Assistant U.S. Attorney Joe Dixon told 16 jurors in a packed St. Paul courtroom Wednesday.

Dixon said Petters' trial on conspiracy, fraud and money-laundering charges would be "about deceit, lies, falsified documents and the illusion of a corporate tycoon" who bilked more than $3.5 billion from investors for himself and the many companies he owned.

Petters could face up to life in prison if convicted.

His ...

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