Deanna Coleman, who covered fraudster Tom Pettus, said the fortune her ex-husband received after their divorce came from a Ponzi scheme.
In August 2008, Deanna Coleman divorced and transferred most of her husband’s assets before federal prosecutors sued Minnesota businessman Tom Petters in a $3.65 billion Ponzi scheme.
He began testifying that the property was obtained through his role in the scam. Now the government wants to confiscate all the ill-earned money of the ex-husband. And the order came to stop selling the rest.
Coleman’s husband of 11 years, a private carpenter named Allen Munson, bought a multi-million dollar Minnetrista home, an apartment in Costa Rica, large stocks and cash held in multiple accounts. investments and finance.
Assistant US Attorney James Alexander said in his filing in St. Paul that most, if not all, of Monson’s divorce settlement was paid for by fraudulent payments Coleman received as Pettus’ top lieutenant.
Monson could not be reached for comment on Tuesday.
Coleman pleaded guilty to conspiracy in 2008 and was sentenced to one year in prison in September 2010. He was released last fall and testified in December on behalf of trustees who are currently serving in prison. tried to recover the assets of his former employer, Petters Co., in bankruptcy. Inc. and branch.
Coleman agreed to seize the assets he obtained from the scam. That includes Minnetrisa’s home and a neighboring plot of land she and Munson bought in 2005, Alexander said. The property was sold during the divorce for a profit of $975,000, according to court records.
Monson also bought one of two Costa Rica apartments the couple owns, Alexander said. Coleman said he believes they have been sold for hundreds of thousands of dollars.
Other assets acquired after the divorce include shares in Redstone American Grill, Medafor, Inc., uBid (CapeCoastal Trading Corp.), Cardinal Ethanol, Nedak Ethanol and Otter Tail AG Enterprises. According to Coleman, Peter gave him shares of Redstone and he bought other shares with Peter’s money. Inc., the primary vehicle of the Ponzi scheme.
Munson also received a 1998 Dodge Ram 2500 pickup, a Polaris ATV, a 1993 Polaris sled and a trailer, but the government decided to let them go.
Monson, who owns a timber business called RRDD but does not use the proceeds to buy large sums in the marriage, will order the property to be confiscated and all property belongs to the estate, Alexander, said the company’s accountant. It took 21 days.