Gregory Bell, Petters Group Worldwide

Gregory Bell, a onetime Chicago hedge fund manager, was sentenced in September of 2010 to five years in prison for his role in propping up the Tom Petters Ponzi scheme as it began to unravel more than two years ago. Bell pleaded guilty to one count of mail fraud in 2009 and faced a maximum sentence of 20 years in prison. Bell allowed his hedge fund to be used by Petters to make it appear that Petters was paying various promissory notes to investors when he wasn't. Bell didn't tell his investors about the fraud and allowed new investors to join his hedge fund while it was going on.
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Gregory Bell, a onetime Chicago hedge fund manager, was sentenced in September of 2010 to five years in prison for his role in propping up the Tom Petters Ponzi scheme as it began to unravel more than two years ago. Bell pleaded guilty to one count of mail fraud in 2009 and faced a maximum sentence of 20 years in prison. Bell allowed his hedge fund to be used by Petters to make it appear that Petters was paying various promissory notes to investors when he wasn't. Bell didn't tell his investors about the fraud and allowed new investors to join his hedge fund while it was going on.

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