Serving the UMN community since 1900

The Minnesota Daily

Serving the UMN community since 1900

The Minnesota Daily

Serving the UMN community since 1900

The Minnesota Daily

Daily Email Edition

Get MN Daily NEWS delivered to your inbox Monday through Friday!

SUBSCRIBE NOW

Interim President Jeff Ettinger inside Morrill Hall on Sept. 20, 2023. Ettinger gets deep with the Daily: “It’s bittersweet.”
Ettinger reflects on his presidency
Published April 22, 2024

Petters attorneys want to quit over nonpayment

Tom Petters’ defense attorneys are seeking court permission to quit.

MINNEAPOLIS (AP) âÄî Tom Petters’ defense attorneys are seeking court permission to quit. The lawyers accuse the government of meddling in the Wayzata businessman’s defense by objecting to payment of their fees from Petters’ frozen assets. In court filings Monday, they say they haven’t been paid in nearly three months. They say the tab tops $560,000 so far, and the final cost could top $5 million. Last week, prosecutors said they’re concerned that there will be few assets left for victim restitution if the defense team’s fees aren’t limited. Petters is accused of running a $3.5 billion Ponzi scheme. He says he’s innocent. His trial is set to start in June. A pretrial hearing is set for Wednesday. ___ Information from: Minnesota Public Radio News, http://www.mpr.org

Leave a Comment
More to Discover

Accessibility Toolbar

Comments (0)

All The Minnesota Daily Picks Reader Picks Sort: Newest

Your email address will not be published. Required fields are marked *