Tom Petters to Plead Guilty to Reduce HIs Sentence.

PiPress:

Convicted Minnesota Ponzi schemer Tom Petters -- who has always maintained his innocence -- is now ready to plead guilty in exchange for a shorter sentence, his attorney said Friday. Attorney Steve Meshbesher said Petters, who is serving a 50-year federal prison sentence in Leavenworth, Kan., will testify during a hearing scheduled for Oct. 15 and 16 in St. Paul before Judge Richard Kyle.

Interesting... still no word on his financier's sentencing date.