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Russell Wasendorf

Wasendorf Will Get the Attention He So Desperately Craved

Daniel P. Collins | Posted 06.13.2014 | Chicago
Daniel P. Collins

On a slow midsummer news day two years ago an industry friend had called me up and asked if I heard the news about Russ Wasendorf Sr., head of Peregri...

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 CEO Sentenced To 50 Years In Prison

Reuters | Posted 04.02.2013 | Business

By P.J. Huffstutter CEDAR RAPIDS, Iowa, Jan 31 (Reuters) - Russell Wasendorf Sr., who admitted looting more than $100 ...

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...

Bad Boy! Now Go to Your (Board) Room

Pete Dorogoff | Posted 02.19.2013 | Business
Pete Dorogoff

Like any screaming 3-year-old that doesn't get their way, there is a sense of displaced entitlement among corporate honchos -- will they ever really grow up?

Will Wall Street Heart Paul Ryan?

The Huffington Post | Jillian Berman | Posted 08.14.2012 | Business

Thing One: Will Wall Street ...

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 ...

Following Stephen Covey's Advice

Rabbi Daniel Cohen | Posted 09.23.2012 | Business
Rabbi Daniel Cohen

Every brush with mortality must stir not a call for better regulation but an awakening to inner rejuvenation. The issue is not in our actions but our inner anchors.

Joe Nocera: Another Week, Another Banking Scandal

The New York Times | JOE NOCERA | Posted 07.21.2012 | Business

Is it my imagination, or does every week bring news of another financial scandal? No, it’s not my imagination. First up: Peregrine Financial Grou...

Are Women More Honest Than Men When It Comes To Finance?

LearnVest | Posted 09.19.2012 | Money
LearnVest

As we applaud more and more women rising to positions of power, we wonder--would more women commit fraud if only they had the opportunity?

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...

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...

Christina Wilkie

PFG Founder's Suicide Attempt Was Rare Response To Disgrace

HuffingtonPost.com | Christina Wilkie | Posted 07.18.2012 | Business

"I am sorry it ended like this," wrote tourism executive Tom Sponseller sometime before he shot himself in the head with a 9 mm pistol in Columbia, S....

Jet-Owning CEO Of Collapsed Firm: 'I Don't Live A Lavish Lifestyle'

Reuters | Posted 09.17.2012 | Business

* Wasendorf says he built businesses to 'pay back' money he stole * "I don't live a lavish lifestyle": Wasendorf, in confession ...

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 $...

D.M. Levine

Former PFG Employee 'Was Waiting For Something Like That To Happen'

HuffingtonPost.com | D.M. Levine | Posted 07.16.2012 | Business

When Leon Bressert first heard that his former employer, Peregrine Financial Group, had collapsed amid fraud allegations, he was not surprised. “I w...

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...