Trial Date Set For Exec Tied To Petters' $3.7B Fraud

Law360, New York (August 2, 2011, 8:26 PM EDT) -- A Minnesota magistrate judge on Monday set a February 2012 trial date for Arrowhead Capital Management President James Nathan Fry, who pled not guilty to charges he intentionally misled investors in order to channel funds into Thomas J. Petters’ $3.7 billion Ponzi scheme.

U.S. Magistrate Judge Jeffrey J. Keyes scheduled Fry’s trial for Feb. 6, 2012, according to Monday’s arraignment order. In addition, Judge Keyes outlined the deadlines for the case, ordering prosecutors to disclose all discovery material by Aug. 11. He set oral arguments and...
To view the full article, register now.