Bankrupt Peregrine CEO Released Pending Sentencing For Fraud, Embezzlement

WATERLOO, Iowa - A federal judge in Iowa on Sept. 13 ruled that Russell R. Wasendorf Sr., the former CEO of bankrupt Peregrine Financial Group Inc., could be released while he awaits sentencing after pleading guilty to committing fraud while he was the company's CEO (United States of America v. Russell R. Wasendorf Sr., No. 12-2021, N.D. Iowa). Subscribers may view the order available within the full article.

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