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By Alanna Byrne |
October 11, 2012
A group of Peregrine Financial Group (PFG) forex and metals account holders are asking a judge to order Trustee Ira Bodenstein to return these accounts to customers, arguing that they should not be considered assets of the estate.
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By Andrew Harris, Bloomberg |
September 17, 2012
Russell Wasendorf Sr., the indicted founder of Peregrine Financial Group Inc. who tried to kill himself in July, will be freed on bail after he pleads guilty to embezzlement on Sept. 17, a judge said.
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By Linda Sandler, Bloomberg |
July 18, 2012
The trustee liquidating Peregrine Financial Group Inc. said only about 11 of 24,000 futures customers have “specifically identifiable property” eligible to be returned to them.
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By Scott Cohn, Market Watch |
July 17, 2012
PFGBest Founder and CEO Russell Wasendorf Sr.’s plan to hire a high-powered Chicago attorney to represent him has hit a snag: Wasendorf’s assets are frozen, so he has no money to pay him.
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By Press Release |
July 17, 2012
Testimony of Chairman Gary Gensler before the U.S. Senate Committee on Agriculture regarding progress in Dodd-Frank, PFGBest oversight and Libor manipulation scandal.
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By Silla Brush, Bloomberg |
July 17, 2012
The U.S. Commodity Futures Trading Commission reviewed operations at PFGBest at least twice since 2006 without detecting the fraud that led to the collapse of the futures broker and a $200 million shortfall in client funds.
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By Bloomberg |
July 16, 2012
Russell Wasendorf Sr., the chief executive officer of bankrupt futures brokerage Peregrine Financial Group Inc. facing criminal charges, was sued by a customer claiming the CEO and his son illegally commingled firm and client money.
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By News Story |
July 13, 2012
Russell Wasendorf, Sr. was arrest by FBI agents Friday afternoon. Here is the affidavit with the charges and a copy of what Wasendorf said in a note found near his attempted suicide.
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By Andrew Harris and Linda Sandler, Bloomberg |
July 13, 2012
Wasendorf was charged by U.S. prosecutors with making false statements to federal regulators and is to appear in court later today in Cedar Rapids.
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By Alanna Byrne |
July 13, 2012
In the years leading up to its bankruptcy, PFGBest eschewed the services of large, established auditing firms, instead enlisting a small accounting firm based in a suburban Chicago home to monitor its books.
