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,”...
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