Peregrine CEO Is Indicted

Check out the Peregrine chief d-dag.  31 charges of lying to government regulators and potentially 155 years in prison!  Hey, oh!

“The chief executive of Peregrine Financial Group was indicted last Monday on 31 charges of lying to government regulators regarding the failed brokerage’s operations.

Russell Wasendorf Sr. faces a maximum sentence of 155 years’ imprisonment on the charges and fines of about $7.75 million, according to a statement from the U.S. Attorney’s Office for the Northern District of Iowa.”

See full article by Jacob Bunge at WSJ.com

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