Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Suicidal CEO Arrested on Fraud Charges

PFGBest founder admits embezzling, blames his ego

By Kevin Spak,  Newser Staff

Posted Jul 13, 2012 2:12 PM CDT

(Newser) – Police today arrested Russell Wasendorf Sr., the CEO of Peregrine Financial Group and its PFGBest unit, who allegedly tried to kill himself this week, the US Attorney's office announced. Wasendorf, who was charged with lying to regulators, reportedly admitted embezzling "millions of dollars....   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
19 comments
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne