function dap(pg, width, height) { var randomId = "dapAd" + Math.floor(Math.random() * 10000000000); document.write("
"); dapMgr.enableACB(randomId, false); dapMgr.renderAd(randomId, pg, width, height); }
Skip navigation

Quest for Wasendorf's embezzled funds yields little

CHICAGO/SAN FRANCISCO (Reuters) - Russell Wasendorf Sr., who is serving a 50-year prison sentence for embezzling $215 million from clients of his failed futures brokerage, appears to have told the truth about one thing: he spent nearly all the money. Full story

Hedge fund manager used postal box to hide $6 million fraud, Feds say

CHICAGO/SAN FRANCISCO (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and prosecutors said on Monday. Full story

Exclusive - Peregrine Financial scion: My father is dead to me

SAN FRANCISCO/CHICAGO (Reuters) - Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the futures brokerage they ran together for nearly 20 years, is starting over. Full story

Peregrine boss Wasendorf starts 50-year jail term

(Reuters) - Russell Wasendorf Sr., the former chief executive of Peregrine Financial Group, has begun serving a 50-year sentence at a high-security federal prison in Indiana for bilking $215 million from customers of the failed futures brokerage. Full story

Peregrine boss Wasendorf gets 50 years jail for fraud

CEDAR RAPIDS, Iowa (Reuters) - A judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost. Full story

Peregrine Financial's ex-CEO's ex-wife sued over divorce money

(Reuters) - Some of the more than $100 million Peregrine Financial's former chief executive stole from his brokerage's clients went to pay for his divorce settlement, the trustee of the now-bankrupt brokerage said in a lawsuit late Friday against the former wife. Full story

Sponsored Links

Articles

Peregrine Financial's ex-CEO faces sentencing on January 31

Video

  Wasendorf in Statement: I Forged Bank Statements for 20 Y...

In a suicide note, PFGBest CEO Wasendorf says he turned to fraud to get access to needed capital, reports CNBC's Tyler Mathisen.

advertisement | ad info

Related Photos

Peregrine Financial Group owner and CEO Russell R. Wasendorf, Sr and his attorney Jane Kelly during Wasendorf's sentencing at the US District Courthouse in Cedar Rapids
Peregrine Financial Group owner and CEO Russell R. Wasendorf, Sr and his attorney Jane Kelly during Wasendorf's sentencing at the US District Courthouse in Cedar Rapids

Peregrine Financial Group owner and CEO Russell R. Wasendorf, Sr and his attorney Jane Kelly during Wasendorf's sentencing at the US District Courthouse in Cedar Rapids, Iowa, January 31, 2013. A U.S. judge on Thursday sentenced Wasendorf to 50 years in prison for looting hundreds of millions of do

Special Agent of the FBI Metz discusses sentencing of Wasendorf at news conference in Cedar Rapids
Special Agent of the FBI Metz discusses sentencing of Wasendorf at news conference in Cedar Rapids

Special Agent In-Charge of the Omaha Division of the FBI Thomas Metz speaks to the media during a news conference to discuss the sentencing of Peregrine Financial Group owner and CEO Russell R. Wasendorf, Sr at the US District Courthouse in Cedar Rapids, Iowa January 31, 2013. A U.S. judge on Thursd

Assistant United States Attorney Peter Deegan speaks at news conference to discuss sentencing of Wasendorf in Cedar Rapids
Assistant United States Attorney Peter Deegan speaks at news conference to discuss sentencing of Wasendorf in Cedar Rapids

Assistant United States Attorney Peter Deegan speaks to the media during a news conference to discuss the sentencing of Peregrine Financial Group owner and CEO Russell R. Wasendorf, Sr at the US District Courthouse in Cedar Rapids, Iowa January 31, 2013. A U.S. judge on Thursday sentenced Wasendorf

Peregrine Financial Group's former Chief Executive Russell Wasendorf Sr. wears an anti-suicide tunic following his arrest on of lying to federal regulators in Cedar Falls
Peregrine Financial Group's former Chief Executive Russell Wasendorf Sr. wears an anti-suicide tunic following his arrest on of lying to federal regulators in Cedar Falls

Peregrine Financial Group's former Chief Executive Russell Wasendorf Sr. wears an anti-suicide tunic following his arrest on charges of lying to federal regulators in Cedar Falls, Iowa July 2012 in this handout photo provided by Linn County Jail. Wasendorf, who admitted looting more than $100 millio