This article by TheDC’s Matthew Boyle strongly suggests that Sen. Klobuchar, when she was the Hennepin County Attorney, took prosecutorial discretion to the extreme. Here’s what I’m talking about:
In January 1999, evidence of what the St. Paul Pioneer Press called “early signs” of Petters’ Ponzi scheme crossed Klobuchar’s desk when officers from her Hennepin County Attorney’s Office raided the home Richard Hettler shared with Ruth Kahn, another Petters investor.
Documents retrieved in that raid, including those TheDC is publishing with this report, showed Hettler, Kahn and Petters engaged in a mutually beneficial and highly illegal financial scheme.
Klobuchar would ultimately prosecute Kahn and Hettler on the basis of this evidence, but not Petters.
Why didn’t Ms. Klobuchar prosecute Tom Petters at that point? Did she investigate his finances? If she investigated Petters, how could she not have found out about his improprieties? At minimum, shouldn’t she have found evidence that could’ve been referred to a federal prosecutor?
A promissory note obtained by TheDC, dated Nov. 19, 1997, shows Hettler loaned Petters $600,000 and promised to pay him $60,000 profit after just two months — a 120 percent annual interest rate that would have been a red flag for any financial crimes investigator.
In a second document TheDC obtained, Hettler legally assigned that promised $60,000 interest payment to Kahn on Jan. 5, 1998. Kahn then used that assigned interest as collateral for a $1.2 million loan from Premier Bank.
These days, Sen. Klobuchar is one of the Senate’s leading advocates for consumer protection legislation. Based on this information, it looks like she’s a better advocate than she was a prosecutor. It also looks like she cut her share of corners for the politically well-connected:
Documents obtained by The Daily Caller show that U.S. Senator Amy Klobuchar helped keep a multibillion-dollar Ponzi schemer out of prison in the late 1990s when she was the County Attorney in Hennepin County, Minnesota.
That financial criminal, Tom Petters, presided over companies whose employees gave Klobuchar $8,500 for her re-election campaign, and would later contribute more than $120,000 toward her U.S. Senate run.
One of those companies’ vice presidents was Ted Mondale, a former state senator and son of former U.S. Vice President Walter Mondale. Before taking office as Hennepin County Attorney, Klobuchar was a partner at the Minneapolis law firm of Dorsey & Whitney, where Walter Mondale has practiced law since 1987.
When asked about this article, Sen. Klobuchar’s sole response was “No comment.” That response speaks volumes.
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