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	<title>Hedge Fund News From HedgeCo.Net &#187; valencia-ca</title>
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		<title>Judge Says No More Lawsuits Against Petters</title>
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		<pubDate>Thu, 23 Oct 2008 00:00:00 +0000</pubDate>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; Former hedge fund manager turned ponzi-schemer Tom Petters is being sued by so many parties that the Minneapolis federal judge actually had to call a &#8220;timeout&#8221; yesterday.&#160; Judge Ann Montgomery called the cease-fire after court-appointed receiver Doug Kelley pointed out that the dozens of mounting civil legal actions are interfering with [...]]]></description>
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		<title>Petters Files for Bankruptcy, Hedge Fund Seeks Answers</title>
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		<pubDate>Tue, 14 Oct 2008 00:00:00 +0000</pubDate>
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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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