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Iowa futures broker forged bank records for years

Published:

The National Futures Association on Monday froze the funds of the Iowa-based brokerage Peregrine Financial Group, Inc, which does business as PFGBest, after discovering an estimated $220 million shortfall in PFGBest's customer accounts. The NFA had said in an affidavit that Wasendorf "may have falsified bank records."

Wasendorf, 64, is reported to be in a coma after a suicide attempt Monday morning, according to a complaint filed by the Commodity Futures Trading Commission on Tuesday that accuses Wasendorf and Peregrine of fraud.

http://www.reuters.com/article/2012/07/10/us-broker-pfgbest-document-idUSBRE8691F520120710

Entry #851

Comments

1.
JAP69Comment by JAP69 - July 11, 2012, 1:07 pm
I wonder what anne Barnhadt has to say about it. Have not been to her site in a few days.
2.
TenajComment by Tenaj - July 11, 2012, 1:56 pm
Hey Jap69, is this where the rabbits run back to where they were chased from and the hounds dogs get them. LOL!

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