{"id":18136,"date":"2010-10-06T06:33:07","date_gmt":"2010-10-06T10:33:07","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=18136"},"modified":"2010-10-06T06:33:07","modified_gmt":"2010-10-06T10:33:07","slug":"minnetonka-hedge-fund-faces-5-1b-clawback-in-petters-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2010\/minnetonka-hedge-fund-faces-5-1b-clawback-in-petters-case.html","title":{"rendered":"Minnetonka hedge fund faces $5.1B clawback in Petters case"},"content":{"rendered":"<p>Star Tribune &#8211; A Minnetonka-based hedge fund could be on the hook for up to $5.1 billion in so-called &#8220;fraudulent transfers&#8221; it received for more than a decade from Petters Co. Inc. (PCI), the vehicle for the $3.65 billion Petters Ponzi scheme.<\/p>\n<p>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.<\/p>\n<p><strong><a href=\"http:\/\/www.startribune.com\/business\/104387338.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUac8HEaDiaMDCinchO7DUs\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Star Tribune &#8211; A Minnetonka-based hedge fund could be on the hook for up to $5.1 billion in so-called &#8220;fraudulent transfers&#8221; it received for more than a decade from Petters Co. Inc. (PCI), the vehicle for the $3.65 billion Petters [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18136","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=18136"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18136\/revisions"}],"predecessor-version":[{"id":18137,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18136\/revisions\/18137"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=18136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=18136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=18136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}