Petters Group Worldwide was a diversified company based in Minnetonka, Minnesota that was turned into a $3.65 billion Ponzi scheme by its founder and CEO, Tom Petters.
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The Fingerhut brand has passed through several ownerships during its existence, including onetime ownership by American Can Company and its successor Primerica, Federated Department Stores (1999), and Petters Group Worldwide (2002), and Bain Capital Ventures (2004).