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?
There are lost assets and found assets in the bankruptcy of Peregrine Financial Group, the Iowa-based futures dealer than folded in July after the firm’s founder said in a note left before his attempted suicide that he’d used a color printer to hide that his company’s bank account was missing some $200 million in client funds.
Lost assets included 304 silver coins depicting characters from the children’s TV show SpongeBob SquarePants, valued at about $20,000; Found assets included a baseball glove signed by former New York Yankees manager Joe Torre and baseball hall-of-famer Johnny Bench, all of which may sounds strange if you haven’t been following the saga, which has included tales of Peregrine founder Russell Wasendorf’s shotgun wedding, wizardry with Adobe Photoshop and catastrophic experience in Romanian real estate.
As a nice break from Googling “Simpsons‘ Characters” on the Internet and ending up on some weird porn site, Milan-based artist Alexsandro Palombo has taken a stab at turning our beloved Homer and Marge into more classy representations of themselves.
“If SpongeBob is a gay icon, someone needs to tell Barbra Streisand.”
- Alan Van Capelle, executive director of the Empire State Pride Agenda, in Newsweek. Read More
One night, my husband came home from a dinner with some newly acquired friends and announced that he had learned a new word-or acronym, to be precise. The word-which, it turns out, was popularized by the movie American Pie -was “MILF,” and it stands for “Mother I’d Like to Fuck.”
It was a new word Read More