RSSSpecial Report: Financial Fallout At PFG

Another payout coming for former PFG investors

Another payout coming for former PFG investors

WATERLOO | The bankruptcy trustee for defunct Cedar Falls-based commodities trader Peregrine Financial Group is working on a second payout to …

December 17, 2013 12:00 pm Related (0)
COLUMN: A year ago, an empire came tumbling down

COLUMN: A year ago, an empire came tumbling down

A year ago Tuesday, Russell Wasendorf Sr. was found unconscious in his car on the grounds of the lushly wooded corporate paradise he built in …

July 07, 2013 6:00 am(1)
UPDATE: Agency files complaint against U.S. Bank over PFG customer funds

UPDATE: Agency files complaint against U.S. Bank over PFG customer funds

CEDAR RAPIDS --- A regulatory agency is accusing a bank that did business with Peregrine Financial Group of ignoring banking rules in the hand…

June 05, 2013 2:00 pm(0)
Developer buys former PFG office complex in Cedar Falls for $3.2 million

Developer buys former PFG office complex in Cedar Falls for $3.2 million

CEDAR FALLS, Iowa --- A developer from Peosta has won the bidding for the former headquarters of defunct Peregrine Financial Group.

May 30, 2013 9:30 pm Photos

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'Stalking horse' bid accepted on PFG office property

'Stalking horse' bid accepted on PFG office property

CEDAR FALLS, Iowa --- A bid floor has been set for the former office headquarters of Peregrine Financial Group Inc.

May 02, 2013 7:45 am Photos

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Open house at PFG building draws handful of visitors

Open house at PFG building draws handful of visitors

CEDAR FALLS, Iowa --- The revolving doors were turning once again at the former headquarters of Peregrine Financial Group for a handful of peo…

April 19, 2013 12:00 pm Related (0)
Watchdog group challenges compensation request from PFG's bankruptcy trustee

Watchdog group challenges compensation request from PFG's bankruptcy trustee

CHICAGO --- A consumer watchdog group was in court Wednesday to challenge a compensation request floated by Peregrine Financial Group’s bankru…

April 17, 2013 6:00 pm Photos

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Wasendorf merchandise moves at Chicago auction

Wasendorf merchandise moves at Chicago auction

WATERLOO, Iowa --- In December, hundreds of people jammed the former headquarters of bankrupt Peregrine Financial Group, and hundreds more joi…

March 22, 2013 5:01 am Photos

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Peregrine Financial Group's Chicago office on sale block today

Peregrine Financial Group's Chicago office on sale block today

CHICAGO, Ill. --- Bankrupt Peregrine Financial Group doing business as PFG Best, formerly led by convicted felon Russell R. Wasendorf, Sr., wi…

March 20, 2013 6:45 am(0)
Tony's owner buys MyVerona building

Tony's owner buys MyVerona building

CEDAR FALLS, Iowa --- The former MyVerona Ristorante building, 419 Main St., sits empty and lifeless, as it has since last summer. But, at lea…

March 14, 2013 3:30 pm Photos

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NEW DETAILS: Wasendorf has been moved to federal pen in Indiana

NEW DETAILS: Wasendorf has been moved to federal pen in Indiana

CEDAR RAPIDS, Iowa — At one time, Russell Wasendorf Sr. controlled millions of dollars and his own global company.

March 01, 2013 9:00 pm Photos

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Auction date set for PFG office building

Auction date set for PFG office building

CEDAR FALLS, Iowa --- The former headquarters of the now-defunct Peregrine Financial Group Inc. is going on the auction block May 31, the rece…

March 01, 2013 5:00 pm Related (0)
Wasendorf should soon learn his prison destination

Wasendorf should soon learn his prison destination

CEDAR RAPIDS, Iowa --- It has been three weeks since Russell Wasendorf Sr. received the longest white-collar prison sentence in the history of…

February 25, 2013 12:00 pm Photos

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Familiar territory: Ex-CFU executive, wife buy Wasendorf estate

Familiar territory: Ex-CFU executive, wife buy Wasendorf estate

CEDAR FALLS, Iowa --- With former Peregrine Financial Group CEO Russell Wasendorf on his way to prison for the next 50 years, his former home …

February 06, 2013 5:45 pm Photos

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Undisclosed party bids on Wasendorf restaurant building

Undisclosed party bids on Wasendorf restaurant building

CEDAR FALLS, Iowa --- On Friday, the day after Russell Wasendorf Sr. was sentenced to 50 years in prison for fraudulent activity that brought …

February 01, 2013 9:30 pm Photos

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Wasendorf distant during proceedings

Wasendorf distant during proceedings

CEDAR RAPIDS, Iowa --- For a man with the rest of his life in the balance, Russell Wasendorf Sr. didn't appear interested in courtroom argumen…

February 01, 2013 12:00 pm Related (0)
Wasendorf’s son says he doesn’t want pity; he just wants to move on

Wasendorf’s son says he doesn’t want pity; he just wants to move on

WATERLOO, Iowa --- Russell Wasendorf Jr. remained quiet as the company his father owned vanished in a financial scandal that led to the father…

January 31, 2013 9:13 am Photos

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Victims jockey to maximize refunds in PFGBest case

Victims jockey to maximize refunds in PFGBest case

CFDAR RAPIDS, Iowa (AP) --- The judge overseeing the bankruptcy of an Iowa brokerage is facing an unusual decision about how to distribute its…

January 31, 2013 3:00 am Related (0)
UPDATE - Prosecutor: Wasendorf should get 50-year sentence

UPDATE - Prosecutor: Wasendorf should get 50-year sentence

CEDAR RAPIDS, Iowa --- The government has recommended that the founder of Peregrine Financial Group be sentenced to 50 years in prison for rai…

January 22, 2013 3:15 pm Photos

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Wasendorf to be sentenced at the end of the month

Wasendorf to be sentenced at the end of the month

CEDAR RAPIDS, Iowa --- The court has scheduled sentencing for Russell Wasendorf Sr. in the scheme that brought down his commodities trading fi…

January 14, 2013 2:45 pm Photos

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New race will replace Peregrine Charities Triathlon

New race will replace Peregrine Charities Triathlon

CEDAR FALLS, Iowa --- The Accel Group, which offers integrated financial and insurance solutions for businesses, announced Monday it will host…

January 14, 2013 9:30 am Photos

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Wasendorf owes $14.1M in taxes, fines

Wasendorf owes $14.1M in taxes, fines

CEDAR FALLS, Iowa (AP) --- Russ Wasendorf Sr. duped customers, regulators and his colleagues as he pulled off a 20-year, $100 million fraud at…

January 04, 2013 8:45 pm Related (2)
Local preschools benefit from Wasendorf auction

Local preschools benefit from Wasendorf auction

WATERLOO, Iowa --- Two area preschools are beneficiaries of child-care equipment obtained at Wednesday's bankruptcy auction at the former Pere…

December 09, 2012 7:00 pm Related (0)
Sold: PFG auction capped time-consuming process

Sold: PFG auction capped time-consuming process

CEDAR FALLS, Iowa — How hard is it to dismantle an empire?

December 09, 2012 9:00 am Photos

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Wasendorf auction reaps $1 million

Wasendorf auction reaps $1 million

CEDAR FALLS, Iowa --- The bankruptcy auction for the former Peregrine Financial Group Inc. raised about $1 million for creditors of the defunc…

December 07, 2012 6:45 pm Photos

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NEW DETAILS: Estimated 1,000 bidders compete for Wasendorf property

NEW DETAILS: Estimated 1,000 bidders compete for Wasendorf property

CEDAR FALLS, Iowa --- Early in the morning of July 9, Russell Wasendorf Sr. was found unconscious in his 2001 Chevrolet Cavalier outside the o…

December 05, 2012 3:45 pm Photos

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Wasendorf's son cancels lawsuit against U.S. Bank

Wasendorf's son cancels lawsuit against U.S. Bank

WATERLOO, Iowa --- The son of Peregrine Financial Group founder Russell Wasendorf Sr. has dropped his lawsuit against the bank that held the c…

November 28, 2012 7:00 am Related (0)
Court officials list Wasendorf possessions to be auctioned on Dec. 5

Court officials list Wasendorf possessions to be auctioned on Dec. 5

CEDAR FALLS, Iowa --- Vehicles, construction equipment, signed sports memorabilia, personal home furnishings, fitness equipment and a 2,000-bo…

November 23, 2012 12:00 pm Photos

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Wasendorf property auction OK'd

Wasendorf property auction OK'd

CEDAR FALLS, Iowa --- A bankruptcy court in Chicago has approved plans for an auction of the personal property of Russell Wasendorf Sr., forme…

November 15, 2012 9:00 am Photos

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Victim Impact Statement forms available for Wasendorf victims

Victim Impact Statement forms available for Wasendorf victims

CEDAR RAPIDS, Iowa — The U.S. Office for the Northern District of Iowa has posted a Victim Impact Statement form on its website for victims in…

November 05, 2012 12:41 pm(0)
Bid floor set on Wasendorf's Third Street property in Cedar Falls

Bid floor set on Wasendorf's Third Street property in Cedar Falls

CEDAR FALLS, Iowa --- The court-appointed receiver in the Chapter 7 bankruptcy case for Russell Wasendorf Sr. and Peregrine Financial Group In…

October 23, 2012 11:00 am(0)
Feds set up site for Peregrine CEO fraud victims

Feds set up site for Peregrine CEO fraud victims

CEDAR RAPIDS, Iowa (AP) --- The U.S. attorney's office in Cedar Rapids has set up a telephone line and a page to its website to provide update…

October 15, 2012 3:06 pm(0)
Wasendorf properties hit market this week

Wasendorf properties hit market this week

CEDAR FALLS, Iowa --- Many of Russell Wasendorf Sr.'s properties are about to hit the market.

October 14, 2012 10:00 pm Photos

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Wasendorf to remain in jail while awaiting sentencing

Wasendorf to remain in jail while awaiting sentencing

CEDAR RAPIDS, Iowa --- A federal judge ruled late Tuesday Russell Wasendorf Sr., who pleaded guilty last month to embezzling $200 million from…

October 09, 2012 7:15 pm Photos

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Doctors, pension fund file joint PFG suit

CHICAGO --- Another group of investors has filed a lawsuit against Peregrine Financial Group officials in connection with allegedly raided acc…

September 26, 2012 5:00 pm(0)
Defense renews request for Wasendorf release

Defense renews request for Wasendorf release

CEDAR RAPIDS, Iowa --- The attorney for PFG founder Russell Wasendorf Sr. said he isn’t at risk to flee if he is let out of jail pending sente…

September 25, 2012 7:15 pm Related (1)
Wasendorf's financial empire detailed

Wasendorf's financial empire detailed

CEDAR FALLS, Iowa --- A court-appointed official sorting through Russell Wasendorf Sr.'s assets reports they are extensive and international.

September 20, 2012 12:00 pm Photos

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Wasendorf's son sues U.S. Bank

Wasendorf's son sues U.S. Bank

WATERLOO, Iowa --- The son of Peregrine Financial Group founder Russell Wasendorf Sr. is taking the commodity trading firm's bank to court.

September 19, 2012 10:15 am Related (4)

US Bank: Lawsuit in fraud scandal 'without merit'

CEDAR RAPIDS, Iowa (AP) --- US Bank is rejecting allegations in a lawsuit that claims one of its employees helped Peregrine Financial Group CE…

September 18, 2012 10:15 am(0)
Wasendorf pleads guilty

Wasendorf pleads guilty

CEDAR RAPIDS, Iowa --- Peregrine Financial Group founder Russell Wasendorf Sr. has pleaded guilty to allegations he raided customer accounts a…

September 17, 2012 6:15 pm Related (0)
Government fights Wasendorf release from jail

Government fights Wasendorf release from jail

CEDAR RAPIDS, Iowa — As the court waits for Russell Wasendorf Sr.’s anticipated guilty plea to accusations he embezzled from customers of his …

September 17, 2012 1:15 pm(1)
Feds mull appeal of CEO's release in fraud case

Feds mull appeal of CEO's release in fraud case

CEDAR RAPIDS, Iowa (AP) --- Prosecutors continue to consider whether to appeal a judge's order that would free disgraced Iowa businessman Russ…

September 14, 2012 5:00 pm Related (0)
UPDATE: Suicide notes Wasendorf wrote to family members released

UPDATE: Suicide notes Wasendorf wrote to family members released

CEDAR FALLS, Iowa --- Russell Wasendorf Sr. designated his new wife as the heir to his estate and asked his son to help her after he was gone,…

September 13, 2012 10:45 pm Related (1)
Judge allows Wasendorf to go free from jail until sentencing

Judge allows Wasendorf to go free from jail until sentencing

CEDAR RAPIDS, Iowa --- Russell Wasendorf Sr. can go free while he waits for sentencing for allegedly bilking customers out of more than $100 m…

September 13, 2012 9:00 pm Related (12)
NEW DETAILS: Wasendorf to plead guilty to fraud, embezzlement charges

NEW DETAILS: Wasendorf to plead guilty to fraud, embezzlement charges

CEDAR RAPIDS, Iowa --- Peregrine Financial Group founder Russell Wasendorf Sr. will likely spend the rest of his life in prison under a plea a…

September 12, 2012 7:00 am Photos

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Probe of PFG finances uncovers missing silver SpongeBobs

Probe of PFG finances uncovers missing silver SpongeBobs

CEDAR FALLS, Iowa --- The Peregrine Financial Group crisis has hit Bikini Bottom.

September 10, 2012 12:00 pm Photos

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Wasendorf Sr. asks to be let out of jail

Wasendorf Sr. asks to be let out of jail

CEDAR RAPIDS, Iowa --- Jailed Peregrine Financial Group founder Russell Wasendorf Sr. wants to get out from behind bars.

September 09, 2012 7:00 am Related (8)

Photos

Photos: Wasendorf posessions auction

Photos: Wasendorf posessions auction

December 05, 2012 10:15 pm Photos

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Photos: Russ Wasendorf Sr. properties

Photos: Russ Wasendorf Sr. properties

October 14, 2012 6:00 am Photos

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