K. Jon Breyer is an attorney who has made his living defending fraudsters, felons and pedophiles. Breyer defends fraudsters like Tom Petters.
Breyer represented the trustee in Minnesota’s biggest Ponzi scheme where he bilked large attorney fees in an effort to divert money meant for victims of the fraud.
Petters was convicted on over 20 counts of business fraud for stealing from investors and his employees. Petters was sentenced to over 50 years in prison.
In effect, enabling Breyer to engorge himself unchecked in Petters bankruptcy trust where he and his team of lawyers including Doug Kelley ran all of Petter’s companies into the ground in an effort to sell off any profitable asset to churn large sums for their firms.
Breyer picked away at the Petters bankruptcy carcass for years, until there was nothing left for unsecured creditors, like the bondholders, who are only one level above the stockholders in priority.
