Futures Brokerage PFGBest Rocked By Fraud Allegations, Founder's Suicide Attempt

Jul 10 2012 | 1:44pm ET

Futures brokerage PFGBest all but collapsed today as federal regulators sued its parent company and founder, who attempted suicide yesterday.

The Commodity Futures Trading Commission accused Peregrine Financial Group and CEO Russell Wasendorf of fraud, alleging that some $200 million—half of PFGBest's customer assets—were missing.


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