Peregrine Financial Group: 20 Years of Forged Documents by CEO

Photo of Wasendorf from CBS News

Earlier this week it was reported that Peregrine Financial Group was short about $220 million of the reported $225 million of customer funds. Today the text of a suicide note written by the CEO, Russell Wasendorf Sr., shows that Wasendorf forged documents for twenty years to conceal his fraud.

Below is the text of the note as reported on various news sources. In the note, Wasendorf lays out, in detail, how he committed the fraud.