Tag Archives: sun-country-airlines


Barclays Sues Chicago Hedge Fund Over Ties to Petters

New York (HedgeCo.Net) – Barclays Bank Plc has sued Chicago-based Ritchie Capital Management and the hedge fund’s principal Thane Ritchie, accusing them of concealing a $150 million investment in the controversial and now collapsed Petters Group Worldwide LLC. According to […]

Palm Beach Hedge Fund Burned by Ponzi-Schemer Petters

New York (HedgeCo.Net) – South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters.  Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged […]

Judge Says No More Lawsuits Against Petters

New York (HedgeCo.Net) – 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 “timeout” yesterday.  Judge Ann Montgomery called the cease-fire after court-appointed receiver […]

Petters Files for Bankruptcy, Hedge Fund Seeks Answers

New York (HedgeCo.Net) – Petters Group Worldwide has filed for Chapter  11 bankruptcy protection after feds launched a probe into an alleged $3 billion scam that was said to be orchestrated by the founder.  The subsidiary company under investigation is […]

Buffett Wannabe Tied to $2 Billion Ponzi Scheme

New York Post – Billionaire Tom Petters fancied himself the next Warren Buffett – that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis’ fastest rising business stars, of secretly […]