Peregrine Challenges $42M Tax Bill Over Founder's Fraud

By Jimmy Hoover (September 16, 2015, 2:13 PM EDT) -- Now-defunct Peregrine Financial Group Inc. has asked the U.S. Tax Court to reverse nearly $42 million in tax deficiencies and penalties from the IRS for the years 2007 to 2011, saying funds embezzled by its chief executive, Russell R. Wasendorf Sr., did not constitute taxable income....

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