Forbes: GE Capital Could Have Stopped Petters’ Ponzi Scheme

Forbes reported that according to a complaint filed on behalf of the liquidator of Palm Beach Finance Partners, GE Capital had information that should have led it to believe Thomas Petters was running a Ponzi scheme.

Estate of Defunct Palm Beach Finance Sues GE Capital

According to the Miami Daily Business Review, a lawsuit filed by Palm Beach Finance Partners against GE Capital alleges GE learned about the Thomas Petters Ponzi scheme long before it was exposed but kept silent to get back outstanding debt.