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Crookston Times - Crookston, MN
  • Home connected to Petters Ponzi scheme seized

  • Federal officials will seize a Minnesota home purchased with proceeds from a Ponzi scheme.


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  • A Minnesota home purchased with proceeds from a Ponzi scheme will be seized by federal officials.
    A judge has authorized the U.S. Attorney's Office to seize the home in Minnetrista linked to Tom Petters. He's serving 50 years in prison for a $3.5 billion fraud scheme. The home was most recently occupied by the ex-husband of a former Petters' associate, Deanna Coleman. She was a key witness in Petters' trial and served less than a year in prison for fraud.
    The St. Paul Pioneer Press (http://bit.ly/PGNnku ) says Coleman's ex-husband kept the house after their divorce. He died in June at age 55. The house has an estimated value of about $580,000.

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