Russell Wasendorf Sr., the indicted founder of Peregrine
Financial Group Inc., has signed a plea agreement with prosecutors in which he
admits to crimes including mail fraud, an FBI agent testified.
William Langdon, the U.S. Federal Bureau of Investigation
agent whose affidavit supported the original criminal complaint against
Wasendorf in July, disclosed the agreement today at a detention hearing in
Cedar Rapids, Iowa, federal court.
Wasendorf, who has been in custody since his arrest on July
13, was indicted last month on 31 counts of lying to U.S. regulators about how
much client money his now-bankrupt commodities firm had on deposit. He entered a plea of not guilty on Aug. 17
and hasn’t changed that plea since then…
More? Check out the
report at http://www.bloomberg.com/news/2012-09-11/peregrine-s-wasendorf-signs-plea-deal-fbi-agent-tells-court.html
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