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Peregrine Scandal

Disgraced CEO Facing Huge Prison Term

AP | RYAN J. FOLEY | Posted 04.02.2013 | Business

CEDAR RAPIDS, Iowa — For years, Russ Wasendorf Sr. enjoyed the perks of being a successful businessman: a corporate jet, a fancy swimming pool a...

Disgraced CEO Says He's Not Guilty Of Lying To Regulators

Reuters | Tom Polansek and Ryan Schlader | Posted 08.17.2012 | Business

CEDAR RAPIDS, Iowa (Reuters) - Russell Wasendorf Sr., chief executive of failed futures brokerage Peregrine Financial Group, pleaded not guilty to lyi...

Disgraced CEO Could Face 155-Year Prison Sentence

Reuters | Posted 08.13.2012 | Business

Aug 13 (Reuters) - Peregrine Financial Group CEO Russell Wasendorf Sr. was indicted on charges of making and using false statements to regulators, the...

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 ...

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...

FBI Seizes SpongeBob Coins From Disgraced CEO

Reuters | Posted 07.19.2012 | Business

(Reuters) - Silver SpongeBob SquarePants coins minted by a private company in New Zealand were among assets seized by FBI agents from Peregrine Financ...

CEO Of Disgraced Company Faces 'Up To Decades In Prison'

Reuters | Posted 09.12.2012 | Business

CEDAR RAPIDS, Iowa July 13 (Reuters) - Russell Wasendorf Sr., the founder and CEO of failed futures brokerage PFGBest, faces "up to decades in priso...