Whistleblower In $4B Ponzi Scheme Case Gets 1 Year

Law360, New York (September 3, 2010, 2:08 PM EDT) -- The whistleblower who helped prosecutors bring down business magnate Thomas J. Petters' $3.6 billion Ponzi scheme has been sentenced to a year in prison for her own role in the fraud, which ultimately helped throw Polaroid Corp. into bankruptcy.

Despite an argument by defense attorneys that Deanna Coleman deserved no prison time at all because of her extensive cooperation, Judge Richard H. Kyle of the U.S. District Court for the District of Minnesota on Thursday sent the witness for the prosecution to prison and ordered three...
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