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Pfgbest Scandal

Disgraced CEO's Son: My Father Will 'Endure The Consequences Of His Actions'

Reuters | Posted 11.12.2012 | Business

* Wasendorf was arrested in July, firm is in bankruptcy * Wasendorf's lawyer asks judge to release him to pastor * Recei...

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...

CEO Accused Of Stealing Hundreds Of Millions Had Few Flashy Possessions

Reuters | Posted 10.05.2012 | Business

By Ann Saphir CHICAGO, Aug 6 (Reuters) - The hunt for the assets of Peregrine Financial Group CEO Russell Wasendorf Sr. has yielded a...

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...

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...

PFGBest Scandal 'Has Some Echoes Of Madoff'

Reuters | Posted 07.12.2012 | Business

WASHINGTON/CHICAGO (Reuters) - U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting ...

Founder Of Disgraced Firm Married In Vegas Weeks Before Scandal Broke

Reuters | Posted 09.11.2012 | Business

* Wasendorf married in Vegas weeks before planned Iowa wedding * Employees pack up as founder said to emerge from coma...

Jillian Berman

Troubled CEO Had 'Messianic Condition'

HuffingtonPost.com | Jillian Berman | Posted 07.11.2012 | Business

Russell Wasendorf Sr., the founder of Peregrine Financial Group, is such a presence in Cedar Falls, Iowa, that his attempted suicide has cast a shadow...

Unit Of Scandal-Ridden Firm Files For Bankruptcy

Reuters | Posted 09.09.2012 | Business

July 10 (Reuters) - Peregrine Financial Group Inc, the regulated unit of the brokerage PFGBest, has filed to liquidate under Chapter 7 of the U.S. b...

Mark Gongloff

JPMorgan's Latest Headache: More Missing Money

HuffingtonPost.com | Mark Gongloff | Posted 07.12.2012 | Business

The unfolding PFGBest debacle looks like the MF Global debacle in a lot of ways, including missing customer funds held in a JPMorgan Chase account. ...