Judge to rule on plea deal by Peregrine CEO

09/12/2012 | Reuters · Bloomberg

Russell Wasendorf Sr., CEO of Peregrine Financial Group, has agreed to plead guilty to mail fraud, making false statements to regulators and embezzling customer funds, according to prosecutors. He could face up to 50 years in prison. Authorities say they have obtained key information on the assets and liabilities of companies controlled by Wasendorf.

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Reuters · Bloomberg

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