Tom Petters to be sentenced Thursday in St. Paul  Law & Justice
Martin Moylan · ·   1. Listen Petters sentencing      Apr 7,
2010  Tom Petters  Disgraced business tycoon Tom Petters is
scheduled to be sentenced Thursday in St. Paul.  Last December,
jurors convicted Petters of running an investment scam that
lasted more than a decade and cost investors more than $3.5
billion. Federal prosecutors argue Petters deserves life without
parole. His lawyers say 4 years is plenty.  Petters fooled a lot
of people over the years, including the editors of Forbes
magazine, which ranked Petters Group Worldwide as one of
America's largest privately-held companies.  In a 2007 interview
with MPR News, Petters said his companies had about $2.5 billion
in annual sales, but he wouldn't disclose profits.  "I'll tell
you this: I've had my share of losses and I've had my share of
wins," he said. "Thank God, to this point my wins have been able
to cover my losses."  At that point in his career, Petters had a
reputation as a savvy bu