CALL TODAY FOR AN APPOINTMENT 877-GO-GO-NLO (877-464-6656)

russell wasendorf sentencing

russell wasendorf sentencing

Peregrine Founder & CEO – Wasendorf Gets 50 Years – A Virtual Life Sentence.  He’s 65 and living in Terre Haute, Indiana.  Not a great end for Wasendorf.  If you haven’t been following this case, then you have missed the closed Italian Restaurant in Cedar Falls, Iowa, the shuttered corporate headquarters and the classic automobiles.  However, it is once again a sad day when another investment company executive has lost untold amounts of money at investors expense.  Unfortunately, this prison term will only help to deter this behavior.  It will never make investors of Peregrine  Financial whole again.  And as for the communities that relied upon Peregrine, ie Cedar Falls and Cedar Rapids Iowa, they have lost valuable jobs at high salaries that won’t be replaced soon in these rural communities that are often side-stepped in favor of large metropolitan areas.

See the Chicago Tribune Article and read our earlier article about Peregrine

http://www.chicagotribune.com/business/breaking/chi-wasendorf-begins-sentence-for-bilking-peregrine-customers-20130228,0,5225548.story

 

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. CALL 877-GO-GO-NLO (877-464-6656) FOR A FREE BANKRUPTCY CONSULTATION TODAY! SATURDAY APPOINTMENTS ARE AVAILABLE.