Russell Wasendorf Sr Joins the Pantheon of Financial Scumbags

From Russell Wasendorf Sr’s suicide note:

“Through a scheme of using false bank statements I have been able to embezzle millions of dollars from customer accounts at Peregrine Financial Group, Inc. The forgeries started nearly twenty years ago and have gone undetected until now. I was able to conceal my crime of forgery by being the sole individual with access to the US Bank accounts held by PFG.”

Better and better.  It would almost be easier to make a list of brokerage firm owners who weren’t lying, cheating and stealing.


CEO of troubled Iowa brokerage arrested, charged (Yahoo Finance)




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