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Friday, July 12, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ripples From Petters’ Alleged Ponzi Scheme

MINNEAPOLIS (CN) - Signature Bank says restaurateur Dean Vlahos defaulted on promissory notes worth $5.5 million. Vlahos told local media that he lost nearly $19 million he invested with Tom Petters, who has been accused of running a massive Ponzi scheme.

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