{"id":8759,"date":"2008-10-02T00:00:00","date_gmt":"2008-10-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"buffett-wannabe-tied-to-2-billion-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/buffett-wannabe-tied-to-2-billion-ponzi-scheme.html","title":{"rendered":"Buffett Wannabe Tied to $2 Billion Ponzi Scheme"},"content":{"rendered":"<p>New York Post &#8211; Billionaire Tom Petters fancied himself the next Warren Buffett &#8211; that is until his empire starting crashing down like a house of cards. <\/p>\n<p> The feds accuse Petters, one of Minneapolis&#8217; fastest rising business stars, of secretly being at the center of an elaborate $2 billion corporate ruse, stretching over the past decade, while he hobnobbed with billionaires and movie stars. <\/p>\n<p> Petters stepped down from his Minneapolis-based Petters Group Worldwide after federal agents raided his offices in several cities, acting on a tip from a disgruntled insider. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/10022008\/business\/buffett_wannabe_tied_to_2b_ponzi_scheme_131798.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; Billionaire Tom Petters fancied himself the next Warren Buffett &#8211; that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis&#8217; fastest rising business stars, of secretly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2557,571,1012,281,2968,2990,1036,2991,2989,358,737],"class_list":["post-8759","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bankruptcy","tag-cash-flow","tag-clapp","tag-conglomerate","tag-disagreements","tag-rayner","tag-rest-of-the-world","tag-sac","tag-sun-country-airlines","tag-value-investors","tag-wilbur-ross"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8759","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8759"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8759\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}