Jury to resume deliberations in Petters trial

The seven men and five women deciding the fate of businessman Tom Petters resume their deliberations Monday.

Petters is accused of masterminding a scheme that cost investors more than $3.5 billion.

The jurors deliberated for about nine hours early last week, before taking a three-day break for Thanksgiving.

The panel received 49 pages of instructions from the judge overseeing the case. Petters is charged with 20 counts of wire fraud, mail fraud, conspiracy and money laundering. Petters could face life in prison.

During Petters' trial, six of his former employees and business associates involved in the fraud testified against Petters. All six have pleaded guilty and hope to receive reduced sentences for their cooperation with the government.

Petters' lawyers say he is innocent and the underlings who testified for the government carried out the fraud behind Petters' back.

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