Peregrine CEO's Suicide Note Tipped Off FBI To Missing Money

Law360, New York (July 11, 2012, 6:43 PM EDT) -- The FBI did not begin investigating an alleged $200 million shortfall in customer funds at now-bankrupt Peregrine Financial Group Inc. until after the futures broker's CEO attempted suicide Monday and left a note revealing the fraud, an FBI representative told Law360 on Wednesday.

Russell Wasendorf Sr., 64, was found unconscious Monday morning inside his car, which was parked behind Peregrine’s offices in Cedar Falls, Iowa, with a hose running from the tailpipe into the vehicle, according to a copy of a local police report obtained by...
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