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 Embattled Twin Cities businessman Tom Petters has agreed to sell his 2900 Coronet boat.
Petters bought it with proceeds from Petters Co. Inc and Petters Group Worldwide. The court-appointed receiver, who now controls his assets, is asking the court for permission to sell the vessel for $110,00.
The boat was purchased in 2004—the average running cost for the boat is $182,000.
Petters is accused of a multi-billion dollar Ponzi scheme. He has maintained his innocence since his arrested in September.
COURT DOCUMENTS:
 View the release request
Read Petters motion to be freed
Read Petters detention documents
Read the affidavit
Petters Group Worldwide bankruptcy documents
Intervention in Petters case denied
BACKGROUND ON THE STORY:
Biography of Tom Petters
Tom Petters' associate freed from home detention
Petters associate asks to be removed from home monitoring
Judge denies Petters's change of venue request
Federal prosecutors respond to Petters' request to move trial 
Petters associate to be 'immediately' released from jail
Petters requests change of venue for trial
Petters co-defendant asks for frivolous monthly increases
Petters associate asks for jail release
Judge revokes bail for Petters associate
Petters associate to be searched again for assets
Motion filed to send Petters associate to jail
OFFICIAL: Petters hiding money from court
Petters makes third request for release
FEDS: Petters' associate knew of scheme
Attorneys say Petters not a flight risk
Petters' attorney: 'There's been rush to judgment'
Petters associate transported to Sherburne Co. Jail
Petters Group Worldwide files for Ch. 11
Petters ordered held, 3 associates plead guilty
Excelsior man charged in Petters matter
Petters charged with fraud, will be held in jail
Court documents unsealed in Petters case
Petters resigns
Petters meets with employees after raid
Warrant alleges $100M fraud by Petters
HOW THE CASE AFFECTS OTHERS:
Petters case leaves Rochester bank out $7.1M
Non-profits, charity groups sue Petters, associates
Top Minn. politicians return Petters donations
Hedge fund sues Petters, alleging swindle
How bad is it? Sun Country says they're $4M in debt
Sun Country files for bankruptcy protection
Sun Country warns of possible shutdown
Sun Country defers half of paychecks
Interview with Sun Country's CEO
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