Frank Vennes, Jr., the born-again ex-convict, who helped Tom Petters raise more than $1 billion for a fraudulent Ponzi scheme, was sentenced Friday to 15 years in prison.
Petters money man Frank Vennes Jr. sentenced to 15 years in prison
The born-again ex-convict pleaded guilty to aiding and abetting fraud in 2012.
October 18, 2013 at 6:49PM
Vennes was sentenced by U.S. District Judge Richard Kyle to the full amount called for in Vennes' plea agreement with federal prosecutors, despite requests by attorneys for Vennes for a lesser sentence.
Vennes pleaded guilty to charges of aiding and abetting securities fraud and unlawful monetary activity more than a year ago.
Republicans say Democrats should return to the Capitol, but DFL leaders praised Friday’s court decision.
