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Minn. Judge Turns Down Bid To Scrap Petters Receivership

By Jon Hill (September 27, 2017, 8:41 PM EDT) -- A Minnesota federal judge on Wednesday denied a bid by Ritchie Capital Management and other intervenors to terminate the receivership over the assets of fraudster Thomas Petters, saying that scrapping the receivership now would threaten efforts to recover funds for all of the other victims and creditors who were caught up in Petters' $3.7 billion Ponzi scheme....

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