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Cathy Wurzer and Martin Moylan

Prosecution in Petters to wrap up case soon

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Tom Petters
In this Jan. 22, 2002 file photo, Tom Petters is shown in Eden Prairie, Minn. Petters, whose Petters Group Worldwide had stakes in companies including Polaroid and Sun Country Airlines, goes on trial beginning Oct. 26 accused of orchestrating a multibillion dollar Ponzi scheme.
AP Photo/The Star Tribune, Jerry Holt, file

Federal prosecutors are expected to wrap up their case today in the fraud trial of businessman Tom Petters. Petters is accused of leading a scheme that ripped off investors for $3.5 billion.

Investors thought they were financing the buying and selling of consumer electronics, but the goods didn't exist. Petter's defense is expected to begin soon after the prosecution is done.

MPR's Cathy Wurzer spoke with Minnesota Public Radio reporter Martin Moylan who is covering the trial.

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Tom Petters
In this Jan. 22, 2002 file photo, Tom Petters is shown in Eden Prairie, Minn. Petters, whose Petters Group Worldwide had stakes in companies including Polaroid and Sun Country Airlines, goes on trial beginning Oct. 26 accused of orchestrating a multibillion dollar Ponzi scheme.
AP Photo/The Star Tribune, Jerry Holt, file