CEO Attempts Suicide After ‘Losing’ $200 Million Of Customers’ Money
on July 12, 2012 at 8:48 pm
Russell Wasendorf Sr., head of Peregrine Financial Group, Inc., is in a coma today after an apparent suicide attmept following the collapse of his brokerage firm. At least he had the decency to try. Most Wall Street criminals simply help themselves to generous severance bonuses and then blame the poor for needing food stamps. Hopefully he’ll survive and face the accolades of his fellow scam artists. No one should have to suffer if they’re rich. Not in Reagan’s America.
Wasendorf is accused of intercepting communications between his firm and the National Futures Association in order to forge documents that would have revealed the $200 million shortfall. Via Reuters:
Wasendorf had set up a post office box in Cedar Falls, Iowa, according to a second person involved in the matter. It was to that post office box that NFA sent the documents, which were addressed to the bank.
The post office box was neither in Wasendorf’s name nor registered to the bank, the second person said.
Wasendorf then forged signatures and fabricated bank balances on the documents and simply mailed them back to the Chicago-based NFA, the person said.
Read the rest at addictinginfo!