Victims of Tom Petters Ponzi scheme get another $22M in forfeited funds

The victims of a $2.1 billion Ponzi scheme by Tom Petters will receive additional funds that were forfeited to the U.S. through criminal and civil forfeiture proceedings.

The U.S. Attorney’s Office said Wednesday that about 364 victims worldwide will get part of the additional distribution pool of $22,394,690.

Petters, of Wayzata, was indicted on several counts of fraud on Dec. 1, 2008. He was found guilty by a federal jury the following year and sentenced to 50 years in federal prison.

An initial distribution of funds to victims in 2018 split more than $16 million, bringing the total now to over $38 million.