Peregrine CEO Arrested As Damning Suicide Note Emerges

Law360, New York (July 13, 2012, 4:38 PM EDT) -- Embattled Peregrine Financial Group Inc. CEO Russell Wasendorf Sr. was arrested Friday amid an MF Global-like controversy over an alleged $200 million shortfall in customer funds that came to light in a statement authorities found during Wasendorf's failed suicide attempt earlier that week.

In a complaint unsealed Friday in Iowa federal court, prosecutors accused Wasendorf of making false statements to the U.S. Commodity Futures Trading Commission on the amount of customer segregated funds the Chicago futures broker held. The complaint revealed the contents of a signed...
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