Posted On: August 24, 2012

Peregrine CEO pleads Not Guilty even After he admits to wrongdoing in a note

The former chief executive of the failed brokerage firm Peregrine Financial Group (PFG), who last month wrote a note admitting that he had committed a long-ranging investment fraud, pleaded not guilty on Friday to lying to federal regulators. Federal prosecutors charged Russell Wasendorf Sr., the former head of Peregrine, with 31 counts of deceiving regulators about the value of his customers’ accounts. If convicted, he would face a maximum prison sentence of 155 years.

Blum Law Group is representing investors who lost money that was invested at PFG or through their Introducing Brokers, such as Liberty Trading Group. Just because you lost money does not mean you have a case. Rather, the Blum Law Group will provide a free case evaluation to determine if you have a claim worth filing. If you do, our law firm handles cases on a contingency fee so if we do not recover money for you, you will not pay any attorneys fees. Call us ASAP at 1-877-Stock Law (1-877-786-2552) or go to http://www.stockattorneys.com.