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| Mugshot of Daniel Lee Gelb (Public record mugshot, thus public domain) |
GUEST POST BY CAMDEN CANARY
Let me warn you right now: this post is going to blow your mind, and probably not in a good way. Go grab some ibuprofen, trust me.
In 2008, the Minnesota business community’s jaws simultaneously dropped as Tom Petters’ home and the offices of Petters Group Worldwide were raided by federal agents. Fast forward to 2010, and Petters was sentenced to 50 years in prison for turning the company into a $3.65 billion Ponzi scheme.
It probably won’t surprise you to hear that there’s a connection to a big North Minneapolis landlord: Daniel Gelb and Danlen Properties, LLC. Even worse, Daniel Gelb appears to have connections to swindler Mark Erjavec and landlord Lenny Frolov, too.
The Gelb-Petters Connection
After Petters was sentenced, there still remained the task of finding co-conspirators or Ponzi scheme participants to recover funds for restitution to victims. That monumentally challenging task was given to a court-appointed trustee, who found his way to Daniel L. Gelb and Plaza I, Inc., both having the address of 9617 Oak Ridge Trail in Minnetonka...

