Skip to main content

Petters again seeks reduced sentence as his former bank comes under scrutiny

  • Author:
  • Updated:
    Original:

Attorneys for convicted businessman Tom ­Petters are taking another shot at reducing his 50-year prison sentence.

The Star Tribune reports that attorney Steve Meshbesher said Monday that Petters deserves a hearing because the Wayzata businessman was not told about an offer for a 30-year sentence until after his conviction.

“Defendant Petters affirms that the very first time the 30-year cap was ever raised was during a meeting in the U.S. marshal’s holding cell immediately following his trial and conviction,” Meshbesher wrote in a brief filed with U.S.Distrct Court Judge Richard Kyle.

Prosecutors have argued that Petters was aware of the potential 30-year cap on a prison sentence and rejected it multiple times.

Meanwhile, the Business Journal reports that a new lawsuit seeks to have Edina's Crown Bank turn over $2 million in allegedly fraudulent transfers involving Petters.

In the suit, receiver Doug Kelley said Crown Bank pressured Petters to pledge two properties as collateral for a line of credit the day after a federal raid on his home and business. The deal was illegitimate, Kelley's suit argues, because Crown was aware of the fraud and knew Petters couldn't repay the loan.

Crown CEO Peter Dahl told the Business Journal that the suit is "frivolous." He said a judge already upheld the mortgages.

Earlier this year Judge Kyle denied the U.S. Attorney's bid for control of the properties, saying that Crown Bank was also a victim.

Next Up

Willmar Police Department

Police: Suspect arrested in Willmar after firing gun at officer

The incident led to a manhunt that lasted into early Sunday morning.

Monti Ossenfort

Vikings lead off general manager interviews with Monti Ossenfort

Several candidates will interview for the job this week.

Payton Willis

Gophers' rally comes up short, lose to Iowa

The Gophers came back from a 23-point deficit but couldn't complete the comeback.

pixabay-fire-truck-side-close

Firefighters respond to smoke-filled cabin to find man asleep inside

A wood stove was determined to be the cause of the smoke.

snow plow msp airport

MSP snowplow drivers reach contract agreement after threatening strike

Teamsters Local 320 reached an agreement with the Metropolitan Airports Commission Saturday.

Kellen Moore

What you should know about the Vikings' head coach candidates

Seven candidates were revealed on Saturday morning.

20211010_Vikings_Lions_REG05_1119 (2)

What is the next Minnesota Vikings GM inheriting?

A look at the strengths and weaknesses of the Vikings' roster and situation

ambulance

Man dies after being 'punched in the head' during altercation in Duluth

A 46-year-old man is in custody and facing 1st-degree manslaughter charges.

Deion Sanders

Deion Sanders says Zimmer, Spielman hadn't spoken 'in months'

Sanders' comments revealed some of the Vikings' issues last season.

police tape, crime scene

Brooklyn Park man pleads guilty in 2020 fatal drive-by shooting

Devon Manley will be sentenced to life in prison with the possibility of parole after 30 years.

Related