Wednesday, October 6, 2010

Bachmann's Pardon Pal Frank Vennes Jr. Back in the News

PiPress article about a clawback suit related to tthe Petters Ponzi scheme mentions Frank Vennes Jr.

Tuesday's lawsuit says that Fry started investing in Petters' notes as early as 1996 through Metro Gem Inc., a firm operated by Frank Vennes.

Vennes — who at one time lived in Shorewood — brought investors to Petters, court documents say.

Soon after the Petters scheme was uncovered in 2008, all of Vennes' assets were put into receivership, but Vennes has never been charged with any crime. Fry is not facing criminal charges, either.


Bachmann wrote a letter in support of a pardon for Frank Vennes Jr., a major donor to her campaign.

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