
A judge has ruled statements made by indicted businessman Tom Petters will be allowed in court along with evidence seized from his home.
While the Twin Cities business giant pleaded not guilty to running a multi-billion dollar Ponzi scheme, the FBI testified last month that Petters told them ‘I'm the guy in charge and I’ll bite the bullet if I need to.’
In March, Petters attorneys wanted the statement thrown out, arguing the FBI violated his constitutional rights.
At that time, a judge heard testimony from federal agents in Las Vegas, Nev. who interviewed Petters in his suite at the Bellagio Hotel on the same September day that federal agencies raided Petters Worldwide headquarters in Minnetonka.
"We don't have any merchandise in these warehouses. It doesn't exist," Petters said, according to the Nevada investigators.
While prosecutors called it a 'confession,' the defense says the statements were obtained improperly, as Petters wasn't given a Miranda warning.
But on Tuesday, Magistrate Judge Arthur Boylan disagreed and ruled that most of the evidence seized at Petters home and business can also be used at trial.
Petters’ jury trial is set to begin Sept. 14 with jury selection beginning Sept. 8.
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
Govt. moves to block attempt to unfreeze Petters' assets
In the market for a boat? Tom Petters is selling his
Did Tom Petters confess guilt? 
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:
Bid of $85.9M accepted for Polaroid assets
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 