- Shinya Deguchi (Editor)
- Anthony Liu (Associate)
Date and Time:
- Americas Session – 10:00am EST, Wednesday, January 8, 2014
- Asia Session – 10:00am HKT, Thursday, January 9, 2014
- Europe Session – 10:00am GMT, Monday, January 6, 2014
The Importance of Being Diligent will host the second Webinar session featuring Petters, a $3.65 billion hedge fund Ponzi scheme, which was operated over 20 years from Minnesota. We will discuss how it happened and why it continued for such a long time using our case study.
Petters’ asset-based lending strategy using a promissory note is a common technique to disguise a fraudulent investment activities among past fraud cases and understanding Petters’ scheme should help investors to take necessary due diligence actions before and event after investments.
This 30-minute complementary webinar will cover a short comprehensive review of the AIJ case and will provide an opportunity to ask questions following the presentation. Topics to be presented include:
- Background introduction of the Petters case
- What is an asset-based lending strategy?
- Methods Petters used to hide massive losses over 20 years
- Lessons learned and recommendations to investors
Before You Join
We encourage our readers to review our AIJ case study before our Webinar. Our Petters case study: http://www.being-diligent.com/case-n-3-petters/
If you’re planning on participating, kindly make a reservation at the link below. It is recommended that all participants dial in five minutes before the presentation starts.
For Asia Session – link
For Americas Session – link
For Europe Session – link