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Crime

Petters Associate Explains How Alleged Scam Worked

1 hr 19 mins ago
Larry Reynolds took the stand Monday to discuss how the scheme worked. (File)
Source: CBS

One of the key figures in the Tom Petters case says he started doing fraudulent deals with the Minnesota businessman in 1998. Larry Reynolds has already pleaded guilty to operating one of the companies involved in the alleged $3.65 billion Ponzi scheme.

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Caroline Lowe

Award-winning reporter Caroline Lowe has been on the crime beat for WCCO-TV since 1977. You can watch her reports weeknights on WCCO-TV. Contact Caroline.
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