Peregrine’s Wasendorf Not Sure He Can Deliver Missing SpongeBob Coins From Jail Cell
As previously noted, there’s been nary a dull moment in Peregrine Financial Group founder Russell Wasendorf Sr. In July, Mr. Wasendorf attempted suicide just before regulators unraveled his scheme to embezzle millions of dollars from customers of his Iowa-based futures brokerage.
How did he do it? With a scanner, a post office box and Adobe Photoshop.
To what end? Something about Romanian real estate investments.
How much did he take? Prosecutors say more than $200 million, though Mr. Wasendorf’s public defender disputes that number.
What’s this have to do with SpongeBob? Read More
