US Bank Settles With CFTC over PFG Wasendorf fraud
An Iowa federal judge on Friday 19th Dec 2014 agreed to dismiss a suit brought by the U.S. Commodity Futures Trading Commission against U.S. Bank NA after the two parties agreed to settle claims that the bank aided bankrupt Peregrine Financial Group Inc.’s former CEO in misappropriating $215 million in customer funds.
Chief District Judge Linda R. Reade dismissed with prejudice the suit, which was set for trial on Jan. 5.
The terms of the settlement remain a secret, but the CFTC originally sought $36 million in recompense.
Will the PFG clients who lost money ever get to see any of this "settlement"?

