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Article: PETTERS TRIAL: DEANNA COLEMAN TESTIFIES; Betrayed trust, hidden recorders; The intimate who told the feds about Tom Petters' business deals described the alleged fraud in court.(NEWS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DAVID PHELPS; STAFF WRITER
In a federal courtroom Monday, Deanna Coleman recalled the day last year that she stepped into the office of her boss, Wayzata businessman Tom Petters, to discuss the growing pressure from his investors who were sick of excuses and wanted to be repaid.
On that September afternoon, Petters had been on the phone looking to drum up new money to support his ever expanding need for cash.
"Otherwise we're going to sink," he told Coleman. "Aren't you sick of this?"
What Petters didn't know, however, was that Coleman was wearing recording devices provided by federal authorities. Earlier that day she had ...