Relevant:
- Russell Wasendorf Didn't Mean "I have embezzled millions of dollars from Customer accounts at Peregrine Financial" In A Literal Sense « Dealbreaker: Wall Street Insider -- Financial News, Headlines, Commentary and Analysis
- Peregrine Trustee Seeks to Subpoena JPM, Citi on Transfers
- Peregrine's Wasendorf pleads guilty, will remain in jail
- Peregrine founder admits huge fraud
- Peregrine Financial Group headed for liquidation
2013-02-02 — chicagotribune.com
Russell Wasendorf Sr., who had tried to kill himself just before the fraud was uncovered, received the maximum sentence allowed by law and was ordered to pay $215.5 million in restitution for his nearly 20-year scheme.
...
Peregrine's collapse dealt a blow to confidence in the U.S futures industry, already reeling from $1.6 billion hole in customer pockets left when giant brokerage MF Global failed nine months earlier.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.