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The Trial of Tom Petters -- Day 14

Tom Petters took the stand and talked about growing up in Saint Cloud and his start in the merchandise diverting business. In the morning, Steve Ratliff, former President of Red Tag testified 

about working for Tom Petters. He testified that Tom Petters was 

loved by his employees and gave lots of money to charity. On 

redirect, Assistant U.S. Attorney John Marti asked Ratliff about Tom 

Petters's posh homes, cars and showed pictures of the PCI corporate 

jet. Ratliff said Petters used the jet for business and pleasure.

A few more people testified; A shipping manger, an accountant who 

wasn't allowed to look at bank statements, Tom Petters's speechwriter 

and the human resource manager at Petters Worldwide... but everyone, 

including Tracy Mixon, Tom Petters's fiancee was waiting for the main 

event -  the testimony of Tom Petters.

Tom Petters took the stand at four o'clock  and talked about growing 

up in Saint Cloud and his start in the merchandise diverting 

business. Petters said the merchandise diverting business had a lot 

of people who did nasty stuff like bounce checks. He admitted he 

bounced checks too.

Petters said he said he was not guilty. He admitted participating in 

the fraud, but blamed others he said he trusted too much.

Tom Petters will testify again tomorrow.