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JOLIET, Ill. — Former police officer Drew Peterson offered someone $25,000 to kill his third wife because he thought a pending divorce settlement would financially ruin him, but then killed her himself months later, prosecutors said Friday.

Prosecutor James Glasgow made the allegation at a bail- reduction hearing for Peterson’s $20 million bond.

Judge Carla J. Alessio- Policandriotes refused to reduce the bond for the former suburban Chicago police officer, who is charged with first-degree murder in Kathleen Savio’s 2004 death.

Peterson also is a suspect in the 2007 disappearance of his fourth wife, Stacy Peterson.

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