Peregrine

Business/Economy
3:38 pm
Thu July 26, 2012

Wasendorf Waits

Russell Wasendorf Sr. outside his now closed 18 million dollar office building in rural Cedar Falls
Waterloo Courier

Russell Wasendorf had hoped tomorrow would be the day he’d be released on bail...

But the hearing's been postponed, so the former head of Peregrine Financial Group remains in jail…

and the business empire he built,  first in Chicago and then later in Iowa,  continues to crumble. 

His once fairy tale like existence came to an abrupt end earlier this month.

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Business/Economy
7:03 pm
Wed July 11, 2012

Financial Fallout

Courtesy

Economic development officials have begun to assess the fallout from the abrupt closure of the Cedar Falls-based international brokerage firm, Peregrine Financial Group doing business as PFGBest.  The company is being investigated by both governmental and regulatory officials for fraud and misuse of customer money.  220 million dollars is reportedly missing, Company founder, 64 year old Russell Wasendorf Sr. attempted suicide on Monday. CEO of the Greater Cedar Valley Alliance and Chamber, Steve Dust says they're reacting to what they know and discounting what they can't verify.