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Wayzata is a premier suburb located 11 miles west of downtown Minneapolis. With a population of 4,500 people, Wayzata is a tight-knit community which is known for its vibrant downtown and picturesque setting on Lake Minnetonka. A popular destination for visitors, Wayzata’s downtown is home to a number of specialty shops, boutiques, professional services, and restaurants.

Tuesday, September 30, 2008

Wayzata resident Tom Petters will step down from Petters Group

What a change a week can bring about. Tom Petters has been a private company darling in Minnesota, buying out Fingerhut, Polaroid, and Sun Country Airlines. Then in the middle of last week, Federal Agents raided his corporate headquarters in Minnetonka, and removed his computer from his personal residence in Wayzata.

Days later, a search warrant is unsealed revealing Petters in under investigation for potentially $100 Million worth of fraudulent investment activity. The news came out yesterday that Petters will be stepping down from his companies, and that a company has been hired to assemble an interim management solution.

Wayzata.com will keep you up to date on all the latest Tom Petters information.
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2 comments:

  1. ballonguy1:08 PM

    can we get some new info please

    ReplyDelete
  2. Click this link to find all the latest info:

    http://www.wayzata.com/search?q=petters

    ReplyDelete