Peregrine CEO's Guilty Plea Accepted By Judge

Law360, New York (October 3, 2012, 9:44 PM EDT) -- An Iowa federal judge on Wednesday accepted a guilty plea from embattled Peregrine Financial Group Inc. CEO Russell Wasendorf Sr. over his role in a $100 million embezzlement scheme.

U.S. District Judge Linda Reade accepted a September report by U.S. Magistrate Judge John S. Scoles, who had recommended that Wasendorf's guilty plea be accepted.

“No objections [to the report] have been filed, and it appears to the court upon review of Judge Scoles' findings and conclusions, that there is no ground to reject or modify them,”...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.