The U.S. Attorney's Office was given the go-ahead Wednesday by a federal judge to seize a Minnetrista home that was purchased with proceeds from the Tom Petters' Ponzi scheme. The house until recently was occupied by Allen Munson, the ex-husband of former Petters' associate, Deanna Coleman.

A federal appeals court has ruled that Minnesota businessman Tom Petters received a fair trial. He was convicted and sentenced to 50 years in prison for orchestrating a multi-billion-dollar Ponzi scheme.

Petters continues to argue his Sixth Amendment rights were violated because he wasn't allowed to fully question certain witnesses. The full 8th Circuit Court of Appeals denied the former Minnesota businessman's request last year. Petters is serving a 50 year sentence for orchestrating a $3.65 billion Ponzi scheme. He was convicted in 2009.

Mortgage lender Residential Capital filed for Chapter 11 bankruptcy protection on Monday. The Richfield-based company needs help from its parent company to repay about $12 billion owed to the federal government for a bailout during the financial crisis. ResCap has 3,500 employees and reported $15.3 billion in total debt.

The receiver in the Tom Petters 'clawback' effort filed a lawsuit to recover a $2 million donation to the College of St. Benedict. The imprisoned businessman donated to the school starting in 2003. A court convicted Petters in 2009 of running a multi-billion dollar Ponzi scheme. College officials say the money was already spent on renovation and construction projects.

The full Eighth Circuit Court of Appeals is denying convicted Minnesota businessman Tom Petters' request to re-hear his appeal. The Pioneer Press reports Petters will now ask the U.S. Supreme Court to review his case. He was found guilty in 2009 for orchestrating a $3.5 billion Ponzi scheme. The 54-year-old is currently serving a 50-year sentence at a federal penitentiary in Kansas.

Deanna Coleman provided more details about Tom Petters' $3.5 billion Ponzi scheme during her testimony in a bankruptcy court hearing. Coleman took part in the fraud before eventually reporting it to authorities.

Joel Lehman, who also owns and operates Trattoria Da Vinci in St. Paul’s Lowertown, tells Sun Thisweek he plans to revive the site with a new bar and grill. Renovations on the new Eagan eatery -- Lone Oak Grill -- are underway and should be complete by the end of July. Joe Senser's Sports Grill and Bar closed last fall after Amy Senser was charged in the hit-and-run death of a man in Minneapolis last summer. She was convicted last month of criminal vehicular homicide.