Tag: PFGBest.com
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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…
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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…