Peterson's Money

[Sedona]

He has....
- A nice house
- 6 kids
- wife didn’t work
- a $20,000 plane (and it cost a lot to fly)
- claims to have had $25,000 in the safe
- a motorcycle
- RV
- Pool
- Anything I may have left out?


But even before the death of Savio, he paid to put Stacey up in an apartment, bought her a car, furniture, and within the marriage, he claims to have purchased high end jewelry for her, tummy tucks, breast implants, braces, hair implants, etc. etc.

He said that life insurance from Savio went into a protected fund for the children, so did he get any of it? Some of it?


He has retired as a Sergeant, and just from what I know about law enforcement, his life style doesn’t match his salary.:twocents:

[Jaded]

I've wondered about that, too unless he invests. He did own businesses, and maybe with the sale of them he made some cash.

[SuziQ]

I don't have a link, but another poster found out that Drew made about 92,000.00 a year. He resigned with a pension of 6000.00Mo/72,000.00YR.

[SeekingJana]

I don't have a link, but another poster found out that Drew made about 92,000.00 a year. He resigned with a pension of 6000.00Mo/72,000.00YR.

Is $92,000 a year a normal salary for a desk sargeant at retirement age?
I've been doing research and it seems that the average salary for a policeman of his rank is around $50,000 at the end of their career.

I'm wondering- Does this town have a higher than average pay scale or has the mayor given Peterson special raises?

[SuziQ]

Is $92,000 a year a normal salary for a desk sargeant at retirement age?
I've been doing research and it seems that the average salary for a policeman of his rank is around $50,000 at the end of their career.

I'm wondering- Does this town have a higher than average pay scale or has the mayor given Peterson special raises?

It doesn't seem right does it?

[Tom'sGirl]

I don't have a link, but another poster found out that Drew made about 92,000.00 a year. He resigned with a pension of 6000.00Mo/72,000.00YR.


~snip
his monthly retirement stipend, effectively allowing him to resign and rake in three-fourths of his $97,083.38 annual salary for the rest of his life. He will be paid $6,067.71 a month starting in December.

http://tinyurl.com/29ts2v

[SeekingJana]

TG,
I believe the facts as stated. I am questioning if it is usual and average for a desk sargeant to retire making right at $100,000/annually or if DP had a friend in high places ( mayor) who helped get special raises for him.

The people I have known who were married to people in LE had a very modest lifestyle.. even the chief of police's wife.

[SuziQ]

~snip
his monthly retirement stipend, effectively allowing him to resign and rake in three-fourths of his $97,083.38 annual salary for the rest of his life. He will be paid $6,067.71 a month starting in December.

http://tinyurl.com/29ts2v (http://tinyurl.com/29ts2v)

Thanks!

[SuziQ]

TG,
I believe the facts as stated. I am questioning if it is usual and average for a desk sargeant to retire making right at $100,000/annually or if DP had a friend in high places ( mayor) who helped get special raises for him.

The people I have known who were married to people in LE had a very modest lifestyle.. even the chief of police's wife.

Many people in LE including Feds qualify for public assistance. I don't get either how Drew was able to collect that much. I am glad that the Chief is going after Drew.

[Dryad]

I just read an article stating that Kathleen Savio questioned how Drew could afford to buy a new $200,000 home with Stacy just down the street from their former home he shared with Kathleen, which was also $200,000.

This was before she died, before he received any money from their divorce settlement. :waitasec:

[Camper]

Hmmm, this is NEW information to me. I had thought his plane and toys came AFTER the insurance settlement from Kathleen's death.

I am still playing catch up on the case.

Something is smelling here.

Earlier things I had read inferred that DP had allowed drug sales in his BAR, when he owned that. Wonder how deep into the drug business he actually MIGHT have still been????????

I would like to know what type of funds were used for the 'real estate closing on 'the' house for Stacy? Can someone on WS dig up that information from the Title Company that handled the closing? Could the purchase have been from a "For Sale By Owner", with owner of 'the' house carrying the loan paper?

I don't subscribe to any investigative search services, anyone else up for this?

.
.

[golfmom]

I believe that there was more than one insurance policy and he owned a STRING of businesses -- somewhere buried in one of the threads gives a partial list of the estate.

Seriously, unless he received a large inheritance from family member or was a genius at investments, it makes no sense that he could accumulate everything that he did ... makes you think he was either taking bribes or laundering money.

[SuziQ]

Earlier things I had read inferred that DP had allowed drug sales in his BAR, when he owned that. Wonder how deep into the drug business he actually MIGHT have still been????????.

And I'm sure he didn't do that for free. According to Ric, the bar, IIRC, was 40 miles from BB. It was far away from prying eyes.

[IdahoMom]

I believe that there was more than one insurance policy and he owned a STRING of businesses -- somewhere buried in one of the threads gives a partial list of the estate.

Seriously, unless he received a large inheritance from family member or was a genius at investments, it makes no sense that he could accumulate everything that he did ... makes you think he was either taking bribes or laundering money.

The thing that gets me is that DP was a full time police officer, skirt chaser (that does take time), father to several children (2 of them young- also time intensive), pilot AND a business owner. How could he juggle all that? :confused:
Many times, I've thought I'd like to own a business, but the practical side of me knows that it would be a very time consuming endeavor, plus I have no formal education in "business". How did Drew do all of that? Had he been to college? (forgive me that I missed that):confused:
What a lucky man to keep all those balls in the air, PLUS succeed at his business(es)!:confused:

[IdahoMom]

And I'm sure he didn't do that for free. According to Ric, the bar, IIRC, was 40 miles from BB. It was far away from prying eyes.

Maybe this is the answer to my post above. :bang: Wow...what a prince of a guy!;)

[IdahoMom]

I just read an article stating that Kathleen Savio questioned how Drew could afford to buy a new $200,000 home with Stacy just down the street from their former home he shared with Kathleen, which was also $200,000.

This was before she died, before he received any money from their divorce settlement. :waitasec:

Supporting all those kids (yes, even grown ones:p ) costs alot of money on top of that!

...you know what they say-"follow the money"!

[ISPTRAX]

Owning a bar and several other businesses... can anyone say MONEY LAUNDERING???? :mad:

[SuziQ]

Owning a bar and several other businesses... can anyone say MONEY LAUNDERING???? :mad:

And one business was a printing/copy operation. A few years ago this same type of business was repeatedly, in different cases, involved in money laundering and mail fraud. One that I recall is from Los Angeles.

Is there any way to get ahold of the pay scale for BBPD? Drews salary is not the norm. If it is, it's outrageous. Locals have posted on other boards that their property tax runs about 700.00 a month! If that is true, the residents need to throw a hissy fit and make some changes.

[curiositycat]

I thought that salary unbelievable too even for a SGT. with 29 years on the force.
:confused:



And one business was a printing/copy operation. A few years ago this same type of business was repeatedly, in different cases, involved in money laundering and mail fraud. One that I recall is from Los Angeles.

Is there any way to get ahold of the pay scale for BBPD? Drews salary is not the norm. If it is, it's outrageous. Locals have posted on other boards that their property tax runs about 700.00 a month! If that is true, the residents need to throw a hissy fit and make some changes.

[browneyedgirl]

Is $92,000 a year a normal salary for a desk sargeant at retirement age?
I've been doing research and it seems that the average salary for a policeman of his rank is around $50,000 at the end of their career.

I'm wondering- Does this town have a higher than average pay scale or has the mayor given Peterson special raises?

That's what I was thinking as well, Jana. My ex was a cop and he didn't make any where near that kind of salary. And, our lifestyle wasn't as lavish as DP.

[SeekingJana]

I'm sure he may well have illegal operations and under the table income. He's a scuzzball, IMO.

What I am questioning and would like answers to from someone who lives in the Bollingbrook area, is only related to his legitimate income and retirement.

I do not understand how a desk sargeant with as many disciplinary problems as this man has had could possibly max out at almost $100,000 per year.

- Does Bollingbrook have an extremely high pay scale for police officers compared to the national average, or was Drew P. receiving special commendations/ promotions from his friends- the mayor and the former police chief?

[SeekingJana]

That's what I was thinking as well, Jana. My ex was a cop and he didn't make any where near that kind of salary. And, our lifestyle wasn't as lavish as DP.

Looks like we are thinking alike, :).
Aren't there some posters here from the Bollingbrook area? Surely they know about LE salaries. Their taxes pay these people.

[DeltaDawn]

I would think BB does have a high pay scale..how much higher then the norm I wouldn't know. I was reading about the mayor there and he had developers come in to build housess and more or less told them the price range for the type of houses and developments to build..which lead directly to what property tax . He had one developer who he gave the approval to build, but the starting price on the houses had to be above the highest priced houses that were just recently built.

[TGIRecovered]

My H is a lieutenant in addition to being a SWAT team leader. His regular salary is nowhere near 97,000, but he does additional law enforcement related work which adds (I'm guessing) over 20,000 to our yearly income. He teaches LE seminars on anti-terrorism which comes from national funds and SWAT weapons training for the state.
Basicly, he works his butt off so I can be available for the kids. No way he could work this much and have time for another business or even a serious hobby, and still we are not making $90,000. Our cheif of police only makes $60-something. Our city has about 200 officers but is looking to hire more. You have to have some college to even be considered but I'm not sure what the minimum is.
I'm sure H will be really happy to know I told you all that.:silenced: I guess if he spies on me like DP did on Stacy I'll hear about it soon enough!

Susan

[JerzWhim]

Is $92,000 a year a normal salary for a desk sargeant at retirement age?
I've been doing research and it seems that the average salary for a policeman of his rank is around $50,000 at the end of their career.

I'm wondering- Does this town have a higher than average pay scale or has the mayor given Peterson special raises?

Depends on the municipality but $92,000 would be a little lower than what other police departments in the NY/NJ area pay (excluding NYC which is much lower). Richer towns/counties pay higher around here. Cities, with their bigger departments, can't afford to pay that much. Suffolk County in NY pays its regular cops about $90,000/year (reached within 7 years of being hired).

The pension seems rather high being more than 75% of his base annual pay. He must have accrued overtime pay that this pension is being based off of.

[rayray]

My father was a police officer for 22 years. He made about 50-55,000 anually, and his pension is just over 1000/month.

BTW.. most police/fire employees make their money on side jobs. My dad made about another 20-25000 a year doing security, etc.

We lived a good life, never wanted for anything, drove nice cars, had a boat, etc.. But nothing compared to what DP has/had.

[SeekingJana]

Depends on the municipality but $92,000 would be a little lower than what other police departments in the NY/NJ area pay (excluding NYC which is much lower). Richer towns/counties pay higher around here. Cities, with their bigger departments, can't afford to pay that much. Suffolk County in NY pays its regular cops about $90,000/year (reached within 7 years of being hired).

The pension seems rather high being more than 75% of his base annual pay. He must have accrued overtime pay that this pension is being based off of.

Thank you for giving a clear idea of what LE in that part of the country make. Salaries are quite different in different regions.

I can understand his salary better now. I thought all cops made around $40,000/yr in the US.

[SeekingJana]

My father was a police officer for 22 years. He made about 50-55,000 anually, and his pension is just over 1000/month.

BTW.. most police/fire employees make their money on side jobs. My dad made about another 20-25000 a year doing security, etc.

We lived a good life, never wanted for anything, drove nice cars, had a boat, etc.. But nothing compared to what DP has/had.


That salary seems much more in line with what I found in online searches for the national averages with 20+ years of experience.
I'm not certain what part of the country your dad worked in, but salaries must vary quite a bit from place to place.

[rayray]

We live in Indiana, about 30 miles from Bolingbrook.

[SuziQ]

Bolingbrook Police Seargant salary range according to Salary.com
http://tinyurl.com/yp9e8c

[curiositycat]

I think it depends on the part of the country and the size of the town. In the small towns in the Rockies in Colorado that would be way too high. These guys start at about 20,000. a year. Of course you get what you pay for.
Can anybody say "ANNNNNNNNNNNNDDDDDDDDDDDDDDDYYY"

[DeltaDawn]

So Drew was at the very high end of the payscale even for BB, according to the info SuziQ found for us. That makes me believe that the force was corrupt in the past and that certain people political owed Drew favors, as in raises. Something really wicked has been happening in BB for atleat the past 10 to 15 years if not more.

[cheko1]

I am trying to find my source of info..........but I am certain Drew got 214,000. of KS insurance money for caring for the boys. Also his uncle was the executor of her eastate from the will they found after she was dead a year.. He charged the estate for handling it, I'm certaint it was 100 thousand...there was other insurance policies too & he could of been named on them. He also don't have to pay for college for them because they'll have a plenty to pay there own according to the judge.

Money laundering & being a major crook comes front & center to my mind.

[DeltaDawn]

I am quite sure Drew was a cop on the take..his first fire from the BB LE was due to taking drugs in exchange for info..I'm sure money was involved too..After being reinstated that would have added to his arsenal and he would of felt untouchable by LE so I'm sure his criminal pay offs probably never stopped ..just escalated.

[grace60]

I have 2 relatives and just talked to them. One is a retired Federal Parole Officer who was supervisor of his office he retired a few years ago at about half of what DP is going to get and he also has his masters in criminology. Another is a State Trooper and a Sergeant in Indiana. I was told they were very surprised at what they saw his pay and retirement pay was. They also said they didn't think DP even had a college education and the State Trooper had to have a college degree to become a State Trooper. I also think he got into the bar business for the drug money payoff and money laundering. But I think he got the liquor license because whoever wanted the bar could not get one. Here is the link for the application for the state liquor license.
http://www.ci.urbana.il.us/urbana/mayor/forms/State_Liquor_License.pdf

Under the eligibility question 6-27 asks
"Are you, or any other person with a direct interest in your place of business, a public official or law
enforcement official in the same jurisdiction as the license?" If his bar was 40 miles away it may have been in a different jurisdiction. He may have not been able to own one in his jurisdiction. He owned the bar in the early 80's and was fired from 85-86. The whole bar ownership reeks of something to me.

[BarnGoddess]

Did you forget his plane? I heard it cost about $20,000. That's a really high salary, I know our cops don't make anywhere near that per year, and they don't have the opportunity in our small town to supplement it.

Oh, and didn't he say something about Stacey getting anything she wanted. I think he mentioned something about breast implants and a few other costly items.

[SeekingJana]

Great post, Grace. I didn't think DP talked or acted like someone who was college educated.
Thank you for doing research about salaries. You talked to people with much more responsibility than DrewP had in Bolingbrook, and they verified what I have been saying- his salary doesn't compute based upon what little we know of his many acts of misconduct.

Good points about his bar and drug trafficking/money laundering too.
I am convinced that he received undeserved raises and promotions for most of his career.

He was riding the gravy train in the conductor's seat at the front end ( police officer) and merrly riding in the caboose too ( his covert illegal activities).

When all of his misdeeds are explored by the state police, and possibly even the FBI if he conducted illegal activities across state lines which money launderers usually do, he could go to prison for a long time just on those offenses. Add the pressure of being suspected and investigated for two murders, and I believe this nut might crack wide open just like another Peterson did. Maybe he will try to make it to the border with hair dyed black or maybe he will take a crooked cop's more usual way out and eat the barrel of his gun.

I have 2 relatives and just talked to them. One is a retired Federal Parole Officer who was supervisor of his office he retired a few years ago at about half of what DP is going to get and he also has his masters in criminology. Another is a State Trooper and a Sergeant in Indiana. I was told they were very surprised at what they saw his pay and retirement pay was. They also said they didn't think DP even had a college education and the State Trooper had to have a college degree to become a State Trooper. I also think he got into the bar business for the drug money payoff and money laundering. But I think he got the liquor license because whoever wanted the bar could not get one. Here is the link for the application for the state liquor license.
http://www.ci.urbana.il.us/urbana/mayor/forms/State_Liquor_License.pdf

Under the eligibility question 6-27 asks
"Are you, or any other person with a direct interest in your place of business, a public official or law
enforcement official in the same jurisdiction as the license?" If his bar was 40 miles away it may have been in a different jurisdiction. He may have not been able to own one in his jurisdiction. He owned the bar in the early 80's and was fired from 85-86. The whole bar ownership reeks of something to me.

[SeekingJana]

Did you forget his plane? I heard it cost about $20,000. That's a really high salary, I know our cops don't make anywhere near that per year, and they don't have the opportunity in our small town to supplement it.

Oh, and didn't he say something about Stacey getting anything she wanted. I think he mentioned something about breast implants and a few other costly items.

Good point. I've never considered the plane as being very significant financially before, because $20,000 is an extremely inexpensive plane, ridiculously cheap, in fact.. It cost less than 1/5th of a full powered, newly purchased, 6 passenger airplane. It looks like cheap claptrap too, though.
Hmm, I bet that little lawnmower with wings flew under the radar really well. Something to think about...

[Dryad]

I talked to my friend tonight who is an Illinois State Trooper and he said that Bolingbrook is one of those villages that are known to pay their officers more than other towns around. He also looked up his salary pay scale and found the salary of a Seargant with 25 years on the job...it showed a salary of $102,000 a year. If that is the salary for a State Trooper (who are usually paid less than most local departments) it might not be out of question for someone with 29 years in Bolingbrook. He told me that wasn't out of line for someone in his position, in that particular village, with that amount of years on the job.

He said the starting salary of an officer as of 2007 is $48,000.

State Troopers here are prohibited from owning a bar, working as a bartender, or having any other job that includes liquor.

[TGIRecovered]

In Drew's current version of Stacy's departure I have not heard him mention the whereabouts of the expensive ring he is reported to have given her on their wedding anniversary in October. As petty as he is, I would think that he would have mentioned this when listing what she supposedly took to finance her "getaway".
I still beleive that if there really is $25,000 missing from his safe he has it stashed somewhere in case he decides to run off. I also think he probably couldn't bring himself to dump that newly-purchased ring with her body. Wonder where it is????

Susan

[SuziQ]

I talked to my friend tonight who is an Illinois State Trooper and he said that Bolingbrook is one of those villages that are known to pay their officers more than other towns around. He also looked up his salary pay scale and found the salary of a Seargant with 25 years on the job...it showed a salary of $102,000 a year. If that is the salary for a State Trooper (who are usually paid less than most local departments) it might not be out of question for someone with 29 years in Bolingbrook. He told me that wasn't out of line for someone in his position, in that particular village, with that amount of years on the job.

He said the starting salary of an officer as of 2007 is $48,000.

State Troopers here are prohibited from owning a bar, working as a bartender, or having any other job that includes liquor.

Wow! I guess that solves the mystery of where the money came from. Interesting about not being allowed to own a bar.

[grace60]

In Drew's current version of Stacy's departure I have not heard him mention the whereabouts of the expensive ring he is reported to have given her on their wedding anniversary in October. As petty as he is, I would think that he would have mentioned this when listing what she supposedly took to finance her "getaway".
I still beleive that if there really is $25,000 missing from his safe he has it stashed somewhere in case he decides to run off. I also think he probably couldn't bring himself to dump that newly-purchased ring with her body. Wonder where it is????

Susan

I've been looking and have not been able to find the interview with Kathleen's sister and she was talking about a big diamond Kathleen had. I'm almost sure she said it was missing after she died. He could have cut the diamond out of the setting and recycled it for Stacy's ring. If Stacy's ring was custom made the police may have already talked to the jeweler who made it.

[SeekingJana]

http://www.foxnews.com/story/0,2933,312546,00.html

<snip>

Illinois (http://www.foxnews.com/story/0,2933,312546,00.html#) State Police Captain Carl Dobrich told the Tribune 64 officers are now assigned full-time to investigate the disappearance of Stacy Peterson and the death of Kathleen Savio.
Dobrich said in the course of the investigation, detectives discovered evidence Drew Peterson may have violated Bolingbrook Police Department policies.
Dobrich would not describe the alleged violations, but told the Tribune they were serious enough to potentially trigger the loss of Drew Peterson's $6,000 monthly pension (http://www.foxnews.com/story/0,2933,312546,00.html#). Under state law, a police officer's pension may be denied or revoked only if the officer is convicted of a job-related felony.

:woohoo: :woohoo: :woohoo: :woohoo:

[DeltaDawn]

Suppose Drew is on the take from people in business in BB. Since he wiretapped and bugged his own house, threatened his wives..couldn't it be possible that he also would have searched for and found out certain unflattering info on local people and extracted payoffs from them to keep his mouth shut?

[sunny]

Suppose Drew is on the take from people in business in BB. Since he wiretapped and bugged his own house, threatened his wives..couldn't it be possible that he also would have searched for and found out certain unflattering info on local people and extracted payoffs from them to keep his mouth shut?
That is a very good idea I beleive SGT P is a dirty cop I heard yesterday that he even bugged a local bar that Stacey frequented and that is illegal this was stated on Nancy Grace's show last nite. I am sure he made his money underhanded! MOO

[SeekingJana]

In Drew's current version of Stacy's departure I have not heard him mention the whereabouts of the expensive ring he is reported to have given her on their wedding anniversary in October. As petty as he is, I would think that he would have mentioned this when listing what she supposedly took to finance her "getaway".
I still beleive that if there really is $25,000 missing from his safe he has it stashed somewhere in case he decides to run off. I also think he probably couldn't bring himself to dump that newly-purchased ring with her body. Wonder where it is????

Susan

Maybe his mother has taken it to the jeweler's to have a larger, gaudy custom ring made like Jackie did? :mad:

[SuziQ]

Maybe his mother has taken it to the jeweler's to have a larger, gaudy custom ring made like Jackie did? :mad:

I came to WS after the SP case. No! Did Jackie do that with one of Laci rings????!!!!