Peregrine Financial Group Inc.

PP Blog Tag archives on references to "Peregrine Financial Group Inc.."

‘American Greed’ Producing Episode On Trevor Cook Ponzi Fraud; Seniors, People Of Faith Fleeced By Cook And His Pitchmen

'American Greed' Producing Episode On Trevor Cook Ponzi Fraud; Seniors, People Of Faith Fleeced By Cook And His Pitchmen

CNBC’s “American Greed” will be in Minneapolis today to begin filming an episode on the massive Trevor Cook Ponzi scheme that was targeted at senior citizens and conservative Christians and rendered some victims penniless, a source told the PP Blog. Cook’s scheme gathered about $194 million. It collapsed in 2009. Money that potentially could go […]

UPDATE: Prosecutors Ask For 50-Year Prison Sentence For Peregrine’s Russell Wasendorf, Saying He Stole More Than $215 Million And Presided Over Fraud For 2 Decades

UPDATE: Prosecutors Ask For 50-Year Prison Sentence For Peregrine's Russell Wasendorf, Saying He Stole More Than $215 Million And Presided Over Fraud For 2 Decades

The fraud at Peregrine Financial Group Inc. began at least sometime between 1993 and 1994 with an unlawful $250,000 transaction involving customer funds and grew to consume more than $215 million, federal prosecutors said while asking a federal judge to put Russell Wasendorf Sr. behind bars for 50 years. Wasendorf, 64, tried to kill himself […]

DEVELOPING STORY: CFTC Seeks Asset Freeze Amid Allegations Of Fraud Against Russell R. Wasendorf Sr. Of Peregrine Financial Group Inc.; Wasendorf Reportedly Attempted To Kill Himself Yesterday; Trevor Cook Ponzi Victims At Risk Of Getting Fleeced Twice

DEVELOPING STORY: CFTC Seeks Asset Freeze Amid Allegations Of Fraud Against Russell R. Wasendorf Sr. Of Peregrine Financial Group Inc.; Wasendorf Reportedly Attempted To Kill Himself Yesterday; Trevor Cook Ponzi Victims At Risk Of Getting Fleeced Twice

EDITOR’S NOTE: The PP Blog first became aware of reports about the suicide bid of Russell R. Wasendorf Sr. last night, after being contacted by a reader who was defrauded in the Trevor Cook Ponzi scheme. Wasendorf apparently sought to take his own life on the sparkling Cedar Falls, Iowa, property of Peregrine Financial Group […]