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Cleanup of Petters case has become a 'fee fest'
Aug 13th 2012, 02:23

Tom Petters' Ponzi scheme has been dead for four years now, but it's still producing big money for one select group. Attorneys and other professionals sorting through the mess left by the collapse of the largest financial fraud in Minnesota history have collected nearly $70 million for their work, and the tab is still growing. The $68.9 million spent investigating, dissecting and sorting through Petters' affairs includes an average of nearly $1.5 million a month collected by lawyers and other experts. The total spent equals more than one-fifth of the $302 million recovered so far for eventual disbursement to victims and creditors of Petters, whose holdings once included Polaroid Corp. and...

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