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Ritchie Capital demands $100M from McGladrey auditing firm for aiding convicted Ponzi schemer Petters

Jonathan Bilyk May 16, 2017, 9:21pm

Suburban Chicago capital investment group Ritchie Capital Management is demanding Bloomington, Minn.-based auditing firm McGladrey & Pullen, and related defendants, pay at least $100 million for the firm’s alleged role in helping to steer hundreds of millions of dollars in investments into a massive multi-billion dollar Ponzi scheme with convicted businessman Thomas Petters.