Thomas Petters, Bruce Prévost and David Harrold
Business Fraud of $1 Billion
West Palm Beach, Florida
These three Palm Beach County hedge fund managers promised investors safe, steady returns of 12.5 percent a year. However, they fraudulently funneled more than $1 billion of the investors' cash into a Minnesota Ponzi scheme. They lied to investors to get them to put money into a scheme run by Thomas Petters.