On the stand, Tom Petters admitted to telling his personal assistant that he had sex with Deanna Coleman in a gondola.
Defense lawyer Jon Hopeman continued the direct examination of Tom Petters. Hopemen asked Petters to explain some of the incriminatingremarks we heard on the recordings and testimony of witnesses in the trial.

Federal prosecutors got their chance to chip away at Tom Petters’ version of reality Thursday.
Assistant U.S. Attorney Joe Dixon began his cross examination of Tom Petters Thursday morning, grilling Petters about his claim that he knew nothing of the fraud at Petters Co. Inc. (PCI), a company he owned and led as CEO.