Resources/ News  
 
4 Face Ponzi Sentencing In Minn. Federal Court
Thursday, January 03, 2013      3 Comments

By David Chanen, Star Tribune (Minneapolis)

Jan. 03--Four men are scheduled to be sentenced in aMinneapolisfederal court Thursday for their roles in the state's second-largest Ponzi scheme.

But before that, the case will take another dramatic turn when prosecutors seek to present evidence of an alleged murder plot against one of the defendants, and two of the defendants argue that the late disclosure of the alleged plot warrants a new trial.

The$194 millionPonzi scheme bilked more than 700 investors nationwide, mostly retirees. It was run byTrevor Cook, aBurnsvillemoney manager who is serving a 25-year prison term.

The four men facing sentencing Thursday were Cook's key operatives:Jason "Bo" Beckman,Gerald Durand,Patrick KileyandChristopher Pettengill.

Last week, the U.S. attorney's office filed a surprise motion to hold a hearing before the sentences are handed down to present their evidence about a plot to murder Beckman. The motion said Durand proposed to Pettengill that they have Beckman killed in order to collect and split the proceeds of his$2.5 millionlife insurance policy.

Durand's attorney,Brian Toder, responded by filing his own motion asking Chief U.S. District JudgeMichael Davisto deny the hearing, but the judge has agreed to it. Toder said the hearing gives Pettengill, who testified for the prosecution, one more chance to tell lies, which he says he did frequently throughout his trial.

Court records show that prosecutors knew about the alleged plot for quite some time but failed to turn overFBIinterview notes to defense attorneys untilDec. 28. Prosecutors chalk up the failure to human error, noting that they turned over more than 7 terabytes of computer evidence. In court filings, they argue that the error does not warrant a new trial because the alleged murder plot was not relevant to the fraud scheme.

Attorneys for Beckman and Durand argued in court filings that the failure was significant and might have resulted in a different outcome, on at least some charges.


 
Comments
e8QQXE , [url=http://hmjdvfhmeuku.com/]hmjdvfhmeuku[/url], [link=http://pnhrzdebclmu.com/]pnhrzdebclmu[/link], http://ukkdphtteytu.com/

By: twljcly | Date: 05.03.2013



 
LrTxAl , [url=http://fwodyopiwvzu.com/]fwodyopiwvzu[/url], [link=http://aclzfzgqxtcc.com/]aclzfzgqxtcc[/link], http://febqjpierpne.com/

By: klvgbsvz | Date: 02.03.2013



 
You can also sign up for the three-day trial online... click for Martha's page (because she and I are apetrpnaly on a first-name basis), then click in the upper right for "free online trial."- Your friendly, neighborhood podcast producer...

By: Ihtiyor | Date: 28.02.2013



 
Leave a Comment
 
Full Name:*
Comment:*
Enter Code:*
 
 
 
Categories
Latest News
Resources / Tools
 
 
 
Agents Corner & Careers

Want to become and Alliance International Group insurance advisor/ agent. This section allow you to fill out an online agent form and to download important information about a career at Alliance Internation Group

>>Read More
 
 
News & Events

Get the latest news, reports, resources on life, annuities, health and more. This section is your source for getting the information you need to select the policies right for you.

>>Read More
 
 
Presentations

Watch live presentations from Alliance Internation Group top insurance advisors. Download power point presentation and PDF files explaining our top policies and benefits.

>>Read More
 
 
alliance international group
15000 S. Cicero Avenue, Suite 100
Oak Forest, IL 60452
    
Home  |  Check Mail  |  Privacy  |  Contact Us
© 2012 Alliance International Group. All rights reserved
Design by: TS Design Studio