In a trial that has featured testimony about multi-million-dollar deals and debts, the prosecution managed to put a human face on the collapse of Tom Petters. Widow Janet Leck, 79, described how she is facing foreclosure as result of her investment with a hedge fund that invested with Tom Petters.
Leck said she mortgaged her Edina home for $190,000 to invest with Frank Vennes' hedge fund in 2006. For more than a year, she received $3,400 a month from the investment. However, when Petters' offices were raided the investment stopped.
"I was appalled," she said.
At first, she couldn't believe it and was angry. Now she is just trying to cope.
"It's been hard," she said, adding her faith is sustaining her.
The defense emphasized that her investment was directly with Vennes, and that Vennes was in charge of the hedge fund.
Why didn't Michele Bachmann return her dirty Vennes money to the victims of the fraud?
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