Home » LIFE INSURANCE » Peregrine CEO used company funds to buy life insurance: lawyer

Peregrine CEO used company funds to buy life insurance: lawyer

CHICAGO (Reuters) – Peregrine Financial Group's chief executive used company funds to pay for a $ 4.5 million life insurance policy, a lawyer for the failed brokerage's bankruptcy trustee said on Wednesday. Peregrine, commonly known as PFGBest, filed for bankruptcy protection on July 10, one day after CEO Russell Wasendorf attempted suicide and left a note describing how he had stolen more than …
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Posted by on Aug 10 2012. Filed under LIFE INSURANCE. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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