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The Rise and Fall of a Multibillion-Dollar Ponzi Scheme

Photo: Doug Kelley

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Petters' Minnesota Mansion

Be it for his business acumen, ability to keep his fraud under wraps, or both, Petters watched as both his business empire and fortune steadily grew over the years. By 2008, he gained entry into the billionaire's club and enjoyed all the perks that came with it. He owned this $5 million home on Lake Minnetonka, an affluent area in the western suburbs of Minneapolis.

Photo: Doug Kelley