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Business Miscellaneous in Business . 1 month ago
Peregrine Financial Group Inc., commonly known as PFGBest, was an Iowa-based financial firm that operated for over 20 years. It was shut down in July 2012 after it was put under investigation for a $200 million shortfall in customer funds. Peregrine’s chief executive, Russell R. Wasendorf Sr., was arrested and charged with making false statements to the Commodity Futures Trading Commission (CFTC).
The firm filed for bankruptcy on July 10, while listing more than $500 million in assets and over $100 million in liabilities.
Posted on 04 Oct 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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