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Insider says Drew Peterson could make bond

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Pictured in this photo provided by the Will County Sheriff's Department is former Bollingbrook, Illinois police sergeant Drew Peterson who was arrested on May 7, 2009 and charged with the 2004 murder of his third wife Kathleen Savio. Peterson is also a suspect in the 2007 disappearance of his fourth wife, Stacy Peterson. (UPI Photo/Will County Sheriff's Department/HO)
Pictured in this photo provided by the Will County Sheriff's Department is former Bollingbrook, Illinois police sergeant Drew Peterson who was arrested on May 7, 2009 and charged with the 2004 murder of his third wife Kathleen Savio. Peterson is also a suspect in the 2007 disappearance of his fourth wife, Stacy Peterson. (UPI Photo/Will County Sheriff's Department/HO) 
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Published: May 13, 2009 at 11:01 AM

JOLIET, Ill., May 13 (UPI) -- An Illinois man accused of killing his third wife and suspected in the disappearance of his fourth has the money to make bail, an insider says.

Ernie Raines, the father of Drew Peterson's live-in fiancee, says his daughter, Chrissy, told him Peterson has enough money to cover a $20 million bond, the Joliet Herald-News reported Wednesday.

Peterson's lawyer has complained the bond set in the first-degree murder case against his client is way out of line and will seek to get it dropped to something more affordable.

But Raines says Peterson has plenty of money, which he was using as bait to keep Chrissy Raines in his home.

Peterson is accused of killing his third wife, Kathleen Savio. His fourth wife, Stacy, has been missing since October 2007.

He is due back in court on Monday.

Topics: Drew Peterson
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