American Greed Episode 87: The Falcon and the Con Man

Case File

The Falcon and the Con Man

In a signed confession, Russell Wassendorf Sr., CEO of Peregrine Financial Group revealed an extraordinary fraud that he perpetrated for two decades, deceiving financial regulators and robbing his customers of more than $200 million dollars.

FEATURED

  • By: Source: Court evidence, public record on PACER

    Read Russell Wasendorf Sr.’s confession letter that details his crimes and his final thoughts before attempting suicide on July 9, 2012.

  • By: Source: Court evidence, public record on PACER

    This bank statement from July 2012 shows PFG’s customer funds at $5 million, $200 million short of what Russell Wasendorf, Sr. was purporting was in the account.