Blame it on Friday the 13th, or maybe this Peregrine Financial Group CEO just has terrible luck. Russell Wasendorf Sr. was arrested today for making false statements to regulators from 2010 to July 2012, according to the agency. The statements concerned his Iowa-based company, Peregrine Financial, that filed for bankruptcy protection on Tuesday. The CFTC and the National Futures Association have accused Wasendorf of misappropriating more than $200 million in customer funds. These allegations were brought to light after Wasendorf tried to kill himself on Monday in the parking lot of Peregrine headquarters. He is set to appear in federal court later today.
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