Tom Petters, CEO of Petters Group Worldwiode and a friend of Valhos, was a minority stake holder with 16% the company who was arrested in late 2007 by federal officials on charges he was running a US $3 billion Ponzi scheme.
Tom Petters was a minority stake holder with 16% the company. This 16% the company was arrested in late 2007 by federal officials on charges he was running a US $3 billion Ponzi scheme. Tom Petters was CEO of Petters Group Worldwiode. Tom Petters was a friend of Valhos.