Peregrine CEO Wasendorf Delays Bail Hearing

Law360, New York (July 18, 2012, 2:13 PM EDT) -- Wednesday's bail hearing for Peregrine Financial Group Inc. CEO Russell Wasendorf Sr. was postponed to July 27 after he asked for more time to prepare to answer charges he lied to regulators while embezzling at least $100 million from his clients.

Wasendorf, who admitted to the 20-year fraud in a suicide note, requested the delay so he and his newly appointed attorney, public defender Jane Kelly, could prepare for the preliminary hearing. Wasendorf will remain in custody awaiting the bail hearing. Prosecutors did not object to...
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