Yesterday, the receiver filed papers saying that a buyer had been found for the yacht owned by Petters associate Bob White, and that the two contemplated using as a getaway vehicle when their house of cards began to crumble and the law was closing in.
We'll quote the Pioneer Press:
In fall 2008, as a $3.5 billion Ponzi scheme run out of Minnetonka-based Petters Co. Inc. was unraveling, White cooperated with investigators and got Tom Petters on the phone. The two discussed passports and other topics related to leaving the country -- possibly on the Spirit, which was docked in Chesapeake Bay.
Petters has been sentenced to 50 years in prison.