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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 Linda Sandler and Andrew Harris, Bloomberg |
July 14, 2012
"I have been able to embezzle millions of dollars from customer accounts at Peregrine Financial Group Inc.,” Wasendorf wrote, according to the FBI.
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By Andrew Harris, Bloomberg |
July 13, 2012
Peregrine Financial Group Inc.’s Chapter 7 liquidation trustee can operate the firm until at least Sept. 13, a U.S. Bankruptcy Court judge said.
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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 Linda Sandler, Bloomberg |
July 12, 2012
Customers’ claims on PFGBest, whose founder is accused by regulators of misappropriating more than $200 million, may fetch less than a quarter of their value in the wake of the firm’s bankruptcy.
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By Linda Sandler, Bloomberg |
June 25, 2012
The U.S. Supreme Court won’t hear an appeal by Bernard Madoff’s investors over whether they can recover lost profit, an action that lets stand the Madoff trustee’s calculation that investors lost $17 billion.
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By Joe Schneider and Tiffany Kary, Bloomberg |
June 5, 2012
MF Global Holdings Ltd. may have more than $3 billion of claims against its affiliates and units, the company’s bankruptcy trustee said in a report detailing the progress of an investigation into its collapse.
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By Linda Sandler, Bloomberg |
May 25, 2012
Bernard Madoff’s investors shouldn’t be allowed to appeal a court ruling denying them payment for fake Ponzi profits on their account statements, the U.S. Securities and Exchange Commission said.
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By Tiffany Kary, Bloomberg |
May 18, 2012
MF Global Holdings Ltd. still can’t trace where some of the money went when its brokerage collapsed, including $1 billion that “vanished” into the brokerage unit MF Global Inc., an attorney told a bankruptcy court.
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By Reuters |
May 18, 2012
The legal team winding down MF Global's bankruptcy estate, led by former FBI director Louis Freeh, has racked up nearly $25 million in estimated fees since its November 25 appointment.
