Peregrine CEO To Await $200M Fraud Sentencing As Free Man

Law360, New York (September 13, 2012, 7:55 PM EDT) -- An Iowa magistrate judge said Thursday that the disgraced head of bankrupt Peregrine Financial Group Inc. is to be released from jail while he awaits sentencing for his alleged $200 million fraud and embezzlement scheme.

U.S. Magistrate Judge Jon Stuart Scoles ruled that Russell Wasendorf Sr. will be released from custody on Monday, after he pleads guilty to mail fraud, embezzlement of consumer funds by a person registered under the Commodity Exchange Act, making false statements to the U.S. Commodity Futures Trading Commission and making false...
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