Thursday, July 26, 2012

Peregrine CEO Detention Hearing Cancelled

Peregrine Financial Group CEO Russ Wasendorf, Sr.'s decided not to challenge his detention, for now. Wasendorf's been behind bars since July 13th when he was arrested for allegedly lying to regulators who say over $200-million of his investors money has disappeared. Authorities say he left a suicide confessing to a two decade long fraud and embezzlement scheme.

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