| Listing of Cases in Petters Bankruptcy(s)Filings of Petters Company Inc (PCI) to "Include" Petters Group Worldwide PC Funding LLC Thousand Lakes LLC SPF Funding LLC PL Ltd., Inc. Edge One LLC MGC Finance, Inc. PAC Funding, LLC Palm Beach Finance Holdings, Inc. |
| Petters companies |
| The FBI petitions the Minn District Court for a Temporary Restraining Order ("TRO") on October 2, 2008 |
| Companies known to be connected to Petters not yet mentioned by the Court |
| Enable UBid Fingerhut RedTag & Broadsign International Business Impact Group Collegeville Dev Group Fidelica Microsystems Element Electronics Fingerhut Direct Fingerhut Fulfillment Infinite Power Solutions John T Petters Found.. Juice Media Group LiveByCampus Metropolitan Media Group Petters Aviation Petters Capital Petters Global Learning Petters Media Petters Marketing Petters R E Group Petters Consumer Brand Petters Warehouse Direct |
| The MOTION was sought under Title 18 USC Subsection 1345 - Injunctions against Fraud The Code is to ONLY be utilized against persons who are "about" to commit a crime! While the banter about such applicability remains in dispute - the fact remains the Court granted said request and then went way beyond that simple prayer for relief. The Petters' assets initially listed in the FBI Motion are as follows; Petters Company, Inc ("PCI") Nationwide International Resources Inc., ("NIR") Enchanted Family Buying Company ("Enchanted") Companies that Judge Montgomery approved that Douglas Kelly could be the Receiver by Court Order ( recent affirm of receivership ( here )) Metro Gem Finance Petters Group Worldwide Metro Gem Inc., Grace Offerings of Florida Metro Property Financing Orlando Rental Pool 100 Pine Street Property Orange Street Tower Cornerstone Rental Pool 2 South Orange Avenue Hope Commons Metro Gold |
| Companies known to be Petters related but not yet mentioned by an "official" Court Order or seizure; Fingerhut Ubid RedTag Petters Warehouse Enable Holdings PT Partners Petters Cyber Warehouse Speciously, without a finding of Fact of who owns what, the Receiver is already having a liquidation of the Petters retail stores. There was no Court hearing on sales or bankruptcy decisions, no notice to the known billion dollar harmed parties, no Motion to appoint a liquidator or auctioneer - no bidding process - just an "ad hoc" decision to shut down an asset without a proper endeavor to validate worth! The Judge and Receiver better hope and pray Petters is found or pleads guilty - despite the overwhelming evidence the Verdict is not in yet. Rushing to sell assets before a Trial has occurred is INSANE! There is now a 2nd Receiver named on the Court papers - Mr Gary Hansen We will look at the Court docket to see where the Order is approving of Mr. Hansen's appointment. |
| We welcome any additional information on other companies that can be documented for listing here. send inquiries or notes to laser@petters-fraud.com |
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| NEWS - Polaroid Files for Bankruptcy Protection - Filing and list of 20 Largest Creditors ( here ) Thanks to tipster Capnobvious from Topix Forum Petters Rush |
| The TRO is specifically for the sake of making sure no paper trails vanish and no assets vanish. Speciously, Petters Group Worldwide (PGW) that was co-founded by Petters and Paul Traub, along with other entities such as UBid and Fingerhut have now become the person playground of Doug Kelley and his chose counsels. Inexplicably, Doug Kelley was initially engaged as PGW's counsel - it is absolutely Absurd that he has now been appointed Receiver at large - who is in turn deciding what gets sold, who gets to bid and whether or not any specific entity is placed into bankruptcy. As a Receiver, by nature, is a defacto Examiner it was illegal to assign him the status of Trustee in the BK (see Bankruptcy Code Section 327(f) |
| Paul Traub committed Fraud/Perjury in eToys and the DE Dept of Justice gave him immunity. The issue that he was purportedly in town in August 2008 and that UBid, RedTag, Fingerhut and Enable all made new deals right before Petters went down - is highly specious - compounded greatly by Doug Kelly's apparent lack of remarks thereon! |