Star Tribune – A Minnetonka-based hedge fund could be on the hook for up to $5.1 billion in so-called “fraudulent transfers” it received for more than a decade from Petters Co. Inc. (PCI), the vehicle for the $3.65 billion Petters Ponzi scheme.
Petters bankruptcy trustee Doug Kelley is seeking at least $105 million in false profits from Arrowhead Capital Partners and affiliate groups as well as $5.1 billion in principal and interest that was transferred to them for more than a decade.
