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		<title>Barclays Sues Chicago Hedge Fund Over Ties to Petters</title>
		<link>http://www.hedgeco.net/news/11/2008/barclays-sues-chicago-hedge-fund-over-ties-to-petters.html</link>
		<comments>http://www.hedgeco.net/news/11/2008/barclays-sues-chicago-hedge-fund-over-ties-to-petters.html#comments</comments>
		<pubDate>Mon, 24 Nov 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; Barclays Bank Plc has sued Chicago-based Ritchie Capital Management and the hedge fund&#8217;s principal Thane Ritchie, accusing them of concealing a $150 million investment in the controversial and now collapsed Petters Group Worldwide LLC. According to the complaint filed on November 18th, Thane Ritchie gave the go-ahead to invest &#8220;significant sums&#8221; [...]]]></description>
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		<title>Ritchie Funds Sued by Barclays Over Hidden Petters Group Stake</title>
		<link>http://www.hedgeco.net/news/11/2008/ritchie-funds-sued-by-barclays-over-hidden-petters-group-stake.html</link>
		<comments>http://www.hedgeco.net/news/11/2008/ritchie-funds-sued-by-barclays-over-hidden-petters-group-stake.html#comments</comments>
		<pubDate>Thu, 20 Nov 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Bloomberg &#8211; Ritchie Capital Management and Thane Ritchie, the hedge fund manager&#8217;s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates. Now bankrupt, Petters Group, based in Minnetonka, Minnesota, was raided in September by FBI agents acting [...]]]></description>
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		<title>Petters Files for Bankruptcy, Hedge Fund Seeks Answers</title>
		<link>http://www.hedgeco.net/news/10/2008/petters-files-for-bankruptcy-hedge-fund-seeks-answers.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/petters-files-for-bankruptcy-hedge-fund-seeks-answers.html#comments</comments>
		<pubDate>Tue, 14 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; Petters Group Worldwide has filed for Chapter&#160; 11 bankruptcy protection after feds launched a probe into an alleged $3 billion scam that was said to be orchestrated by the founder.&#160; The subsidiary company under investigation is Petters Co. Inc., a Minneapolis-based venture capital firm. In a ponzi-like scheme, Tom Petters allegedly [...]]]></description>
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		<title>UPDATE-Airline Files For Chap.11 After Petters Arrest</title>
		<link>http://www.hedgeco.net/news/10/2008/update-airline-files-for-chap11-after-petters-arrest.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/update-airline-files-for-chap11-after-petters-arrest.html#comments</comments>
		<pubDate>Tue, 07 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
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		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged with mail and wire fraud, money laundering and obstructing justice. &#34;We were forced to take [...]]]></description>
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		<title>Hedge fund sues Petters</title>
		<link>http://www.hedgeco.net/news/10/2008/hedge-fund-sues-petters.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/hedge-fund-sues-petters.html#comments</comments>
		<pubDate>Fri, 03 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Bizjournals.com &#8211; A Minneapolis hedge fund has sued Petters Group Worldwide, alleging it was defrauded out of $60 million in a deal involving &#8220;imaginary televisions.&#8221; Interlachen Harriet Investments, a Cayman Islands-based unit of Minneapolis-based Interlachen Capital Group, filed the suit Wednesday, saying that it gave $60 million to Petters Co. Inc. to purchase electronic merchandise [...]]]></description>
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		<title>Gottex, Acorn Funds May Be Victims of Petters Lending</title>
		<link>http://www.hedgeco.net/news/10/2008/gottex-acorn-funds-may-be-victims-of-petters-lending.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/gottex-acorn-funds-may-be-victims-of-petters-lending.html#comments</comments>
		<pubDate>Thu, 02 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[american-bar-association]]></category>
		<category><![CDATA[clothing-manufacturer]]></category>
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		<category><![CDATA[housing-market]]></category>
		<category><![CDATA[investigation-into-allegations]]></category>
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		<description><![CDATA[Bloomberg &#8211; Hedge-fund managers Gottex Fund Management Holdings Ltd. and Acorn Capital Group LLC are among at least 20 investors the FBI said may have been victimized by a fraudulent lending scheme that could exceed $2 billion. The alleged fraud was disclosed last week after an FBI raid at the Minnetonka, Minnesota, headquarters of Petters [...]]]></description>
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