The Wayzata home of the infamous Tom Petters just hit the market in the last 24 hours, and at a grand price of $7,775,000. It sits on 1.2 acres and 250 feet of Lake Minnetonka shoreline. If you want to buy a very nice home and need some space, this 9300 square foot luxury estate will not disappoint.
In case you don’t remember, or live out of state, Mr. Petters is the founder and former CEO of Petters Group Worldwide and was arrested last year on 20 federal fraud counts for an elaborate Ponzi scheme in the realm of $3.5 Billion. Many of his properties and toys are being sold in the effort to pay back the victims of his scheme.