A co-defendant of indicted Twin Cities businessman Tom Petters will be getting more freedom.
On Thursday, a federal judge ordered Larry Reynolds no longer has to be under home detention because of his cooperation in the case.
He will have a curfew and must stay under electronic monitoring.
Reynolds’ attorneys argued other co-defendants don't have home monitoring and their client needed the freedom in order to look for a job.
According to court documents, Reynolds said he isn't a flight concern because the $2.5 million bail is secured to his Los Angeles, Calif. home. He wants to preserve that equity so that his 'innocent spouse' can get half of it in either in 'divorce proceedings or receivership proceedings.'
Reynolds, 67, has pleaded guilty to money laundering in a multi-billion dollar Ponzi scheme, allegedly masterminded by Petters.
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