Russell Wasendorf Sr. and his companies invested in
everything from wind turbines to silver coins featuring SpongeBob SquarePants
according to the WSJ.
Now, these ventures are part of a far-flung road map for
investigators tracking what happened to $215 million in missing customer funds
overseen by Mr. Wasendorf and the futures brokerage he founded, Peregrine
Financial Group Inc., according to people connected to the probes.
Mr. Wasendorf's various businesses included restaurants,
publishing and training companies, and several financial firms, according to
company marketing materials and regulatory documents. His charity gave away
almost $1.4 million over a five-year period, records show.
In a note left in his car after he attempted suicide last
week, Mr. Wasendorf said he spent most of the "misappropriated" money
to cushion his trading firm's capital, fund a new corporate headquarters, and
to pay regulatory fines and fees. But the people familiar with the
investigations—as well as a temporary receiver for Mr. Wasendorf's estate—said
authorities aren't assuming Mr. Wasendorf's statements are true, and are
continuing to look at where the money may have gone…..
Read all about it at http://online.wsj.com/article/SB10000872396390444097904577537182181098186.html?mod=WSJ_hp_editorsPicks_2
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