Lawsuit Claims GE Capital Could Have Stopped Petters Multi-Billion Ponzi Scheme

Monday, August 26, 2013
According to a complaint filed on behalf of the liquidator of Palm Beach Finance Partners, GE Capital Corporation (GECC) had information that should have led it to believe that Thomas Petters was running a Ponzi Scheme back in 2000. However, GECC, Petters' lender at the time, decided to keep that information to itself .... eight years and $3.5 billion later, the Feds would shut down Petters ...

This news brief sponsored by: MLM Software Central, a division of Inspetta


Comments

Only registered users can leave comments.
Comment text:

DB44 MLM Software by Inspetta