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Peregrine Financial

Shamed CEO's Son: My Father Is Dead To Me

Reuters | Ann Saphir and Tom Polansek | Posted 05.09.2013 | Business

Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the futures brokerage they ran together for nearly 20 yea...

Disgraced Firm Is Missing Some SpongeBob Coins

Reuters | Posted 11.07.2012 | Business

* Bankruptcy trustee discloses missing coins, gold * Silver four-coin sets sold for $259 each * Retail value of missing ...

Clients Accuse Disgraced CEO Of 'Theft'

Reuters | Posted 10.01.2012 | Business

CHICAGO, Aug 1 (Reuters) - Several customers of Peregrine Financial Group are suing the failed futures brokerage's chief executive officer, Russell ...

How Peregrine Financial Got Around A Law Designed To Prevent Corporate Fraud

Reuters | Posted 09.28.2012 | Business

By Kevin Drawbaugh and Dena Aubin July 29 (Reuters) - When Peregrine Financial collapsed earlier this month, a nagging question resurfa...

Watchdog Admits Being 'Fooled' By CEO

Reuters | Posted 09.24.2012 | Business

* NFA president says auditors followed proper procedures * But says audit steps "not good enough anymore" * CFTC's Gensl...

Watchdog Scolded For Taking Brokers At Their Word Amid 20 Year Fraud

Reuters | Posted 09.17.2012 | Business

* NFA let firms verbally pledge to do better-2002 report * CFTC report called practice troubling * Report came during mi...

Disgraced CEO May Have Bought Private Jet, Wine Collection With Stolen Money

Reuters | Posted 09.17.2012 | Business

By Ann Saphir CHICAGO, July 18 (Reuters) - Peregrine Financial Group CEO Russell Wasendorf Sr., who last week confessed to bilking fu...

Disgraced CEO Says He Spent Most Of Embezzled Customer Money

Posted 07.17.2012 | Business

Most of Peregrine Financial Group's missing money is likely gone. CEO Russell Wasendorf Sr. allegedly spent a significant chunk of the embezzled $...

How One Watchdog Missed Blatant Fraud For 20 Years

Reuters | Posted 09.12.2012 | Business

* 20-year-fraud raises questions about NFA oversight * Sources say NFA auditors typically new college grads * NFA offici...

Feds Approve New Rules In Wake Of MF Global, Peregrine Scandals

Reuters | Posted 09.12.2012 | Business

* "Corzine rule" requires top execs to approve withdrawals * Brokers must notify regulators before large withdrawals * M...

Mark Gongloff

JPMorgan's Surprising Role In The PFG Scandal

HuffingtonPost.com | Mark Gongloff | Posted 07.12.2012 | Business

The investigation into the collapse of Iowa brokerage firm Peregrine Financial Group is notable for one name that has not yet turned up: JPMorgan Chas...

Mark Gongloff

Collapsed Brokerage Firm Breaks Irony Meter

HuffingtonPost.com | Mark Gongloff | Posted 07.10.2012 | Business

Are you getting collapsed brokerage firm PFGBest confused with collapsed brokerage firm MF Global? It's understandable! They're both commodity brokera...