Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, April 24, 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.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...