Former Polaroid owner and electronics entrepreneur Tom Petters was sentenced Thursday to 50 years in prison
Minnesota businessman Tom Petters, the former owner of Polaroid Corp., was found guilty Wednesday on all 20 charges that he operated a Ponzi scheme
Circuit City may have collapsed in an entirely different way, had Tom Petters followed through on plans to buy the retailer.
After weeks of false starts, a judge in Minnesota has ruled that the sale of the Polaroid brand can indeed proceed, leading a rival bidder to abandon its efforts.
After a pair of earlier bids were rejected by a judge, the sale of Polaroid Corp. has finally been approved.