In re Petters Co.

Ruling: 
Trustee could seek to recover alleged fraudulent transfer to lenders for amounts in excess of principal for which debtor Ponzi scheme operator had never received reasonably equivalent value.
Issue: 
Could trustee avoid prepetition payments to lenders made in furtherance of debtor's Ponzi scheme as fraudulent.
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Commercial case opionion summary, case decided on September 30,2013, LexisNexis #0214-099