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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.

 

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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