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Low cost carrier owner arrested for fraud.

A slightly misleading headline, what’s new? The head of an investment group that owns Sun Country Airlines has been arrested and charged with fraud. The problem is that Tom Petters is the guarantor for Sun during the lean winter months of trading and without this prop, Sun are in a precarious position.

http://www.gadling.com/2008/10/06/owner-of-low-cost-carrier-jailed-for-fraud/?icid=200100397x1211073048x1200686015

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