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DealBook: Ex-Peregrine Chief Sentenced to 50 Years in Prison

Russell Wasendorf Sr.

A prominent futures-industry executive, Russell Wasendorf Sr., was sentenced to 50 years in prison on Thursday for embezzling from his clients and defrauding banks over nearly two decades.

 

Son of Peregrine CEO Says Fraud Devastating

The son of the disgraced chief of Peregrine Financial said he has been personally and financially devastated by his father's fraud, which brought down the firm and left investors facing tens of millions of dollars in losses.

 

Peregrine CEO charged with lying to regulators

Peregrine CEO

Peregrine Financial Group founder and CEO Russell Wasendorf Sr. was indicted on charges of lying to regulators Monday, a little over a month after his botched suicide attempt and his signed confession to bilking customers of his brokerage for years.

 

Feds Arrest Peregrine CEO After $215 Million Goes Missing

The Feds arrested Peregrine CEO Russell Wasendorf, Sr. who attempted suicide four days ago after his brokerage went bankrupt losing $215 million in client assets.

 

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