Money returned to victims of nearly $2 billion Ponzi scheme totals $722 million
MARY DIVINE, 15 June 2021
Doug Kelley has been working since 2008 to help organizations and individuals who lost billions in the Twin Cities businessman Tom Petters’ Ponzi scheme, the biggest financial crime in Minnesota history.
The bankruptcy trustee’s search to collect assets linked to Petters’ $1.925 billion scheme spanned 26 countries, including the Cayman Islands, Luxembourg, Germany, Switzerland, the Netherlands and the British Virgin Islands.
Now, after 13 years, he says his work is almost done. Continue reading “Article: Money returned to victims of nearly $2 billion Ponzi scheme totals $722 million”
David N. Kelley is an American attorney and a former interim United States Attorney and Deputy U.S. Attorney for the Southern District of New York (SDNY). He was also a co-chair of the United States Justice Department’s nationwide investigation into the September 11 attacks. Kelley was raised in East Hampton, New York, and has lived in the New York metropolitan area for most of his life. He earned his undergraduate degree from The College of William & Mary and his J.D. degree in 1986 from New York Law School. Kelley was a policeman and a fireman while attending law school. After leaving the U.S. Attorney’s office in 2005, Kelley joined Wall Street law firm Cahill Gordon & Reindel as a partner in its litigation and corporate investigations practice. He is currently a partner and co-leader in the White Collar and Securities Litigation practice group at Dechert.
Rod Young, Eagletech CEO’s Open Letter on the Shorting Scandal, a Classic
Bud Burrell, Rod Young
Sanity Check via Wayback, 17 January 2006
Today, more than one month later, the records have not been forthcoming as ordered by the court. Instead, as First Deputy General Counsel for the DTCC, I believe you have undertaken a campaign to disseminate misinformation, lies, and half-truths when confronted with facts made public by your detractors.On March 5, 2005 one day after the announcement of the aforementioned court ruling, your interview @dtcc.com, entitled “Naked Short Selling and the Stock Borrow Program”, stated: “One of these companies has been cited for failing to file financial statements since 2001.” Congratulations! You did get one right. On February 15, 2005, the Securities and Exchange Commission deemed it necessary for the protection of investors to institute proceedings pursuant to Section 12(j) of the Securities Exchange Act of 1934 In the Matter of Eagletech Communications, Inc., Respondent.
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