The trustee tracking down funds to pay creditors of Ponzi-scheme orchestrator Tom Petters won a key ruling in bankruptcy court, the Wall Street Journal reported today. Trustee Douglas Kelley, who is overseeing the bankruptcy liquidation of Petters’s former business empire, on Tuesday won a $200,000 judgment against Luxembourg soccer club CS Fola Esch, court papers show. The soccer club received $200,000 from Petters in July 2008, just months before Petters was arrested and his companies taken away from him and placed into bankruptcy protection. Petters is now serving a 50-year prison sentence for his 2009 conviction on multiple fraud and other charges, which he unsuccessfully asked the Supreme Court to review.
