Distribution Cheques Issued
In March 2015, 4D account holders have started to receive cheques from the recently agreed PFG FUTURES CUSTOMERS OF PROPOSED DISTRIBUTION. This is great news for all claimants in the PFG fraud although we really hope another distribution is in the pipeline considering the assets and cash still held on behalf of the bulked PFG […]
KWWL interview Ira Bodenstein, Michael Eidelman and Daniel Roth, regarding PFG Best.
KWWL (http://www.kwwl.com) recently traveled to Cedar Rapids to interview Federal Prosecutor, Peter Deegan. In addition a trip to Chicago to check in with Ira Bodenstein, the PFG bankruptcy trustee, Michael Eidelman, the court-appoint receiver and Daniel Roth, President of the national Futures Association. Watch the story on kwwl.com http://www.kwwl.com/story/31294630/russ-wasendorf-and-his-imaginary-empire
NOTICE OF SETTLEMENT OF IN RE PEREGRINE FINANCIAL GROUP CUSTOMER LITIGATION On October 13, 2015, United States District Court Judge Sara L. Ellis entered a series of Orders, which resolved the pending customer class action brought against U.S. Bank National Association (“U.S. Bank”) Civil Action No. 12-cv-5546. The Orders which were entered are as follows: i. Final […]
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 […]
CCC Conference Call & PFG Distribution Update
Conference Call. The CCC (Commodity Customer Coalition - http://commoditycustomercoalition.org) has scheduled a conference call to discuss the PFG situation on Friday 12th December 2014, at 4pm CDT. Further Distribution to PFG Customers. The PFG Trustee entered a motion for another interim distribution to PFG customers, opposition is unlikely so clients of PFG should receive […]
Judge Orders trial over whether US Bank mishandled customer funds with PFG broker.
Jurors will decide whether U.S. Bank mishandled customer funds, enabling the founder of a collapsed Iowa-based brokerage to embezzle $215 million, a judge ruled Wednesday. U.S. District Judge Linda Reade's ruling sets up a civil trial that will dive into U.S. Bank's relationship with disgraced Peregrine Financial Group founder and CEO Russell Wasendorf, Sr. At […]
Ruling regarding 10$ million settlement to PFG Clients
Judge Doyle is set to rule today on a settlement which was requested by an Illinois federal judge in respect to the trustee overseeing ill-fated Peregrine Financial Group (PFG)’s bankruptcy, whereby the judge was asked to approve a $10 million settlement reached with the receiver recovering funds from a Ponzi scheme run by jailed Crown […]
Wasendorf - Peregrine Financial trustee settlement with ex-wife
So the bankruptcy court ruled in favor to agree the settlement arrangement we spoke off in March - No surprise there and good news that at the least she will not be keeping the 2.85million of client funds that were given to her as free money by Wasendorf. "Under the arrangement, Connie Wasendorf agreed to […]
Judge OKs $2.85 million for Wasendorf victims
A Chicago bankruptcy judge accepted a deal Thursday between the ex-wife of imprisoned financier Russell Wasendorf and the trustee for his former futures brokerage. Trustee Ira Bodenstein - wonder how much money he has earned from this overall?-, who is assigned the task of clawing back assets for the VICTIMS of Peregrine Financial Group, said […]
General Peregrine Financial Group Case Information
Main Debtor Case No. 12-27488 Peregrine Financial Group, Inc. dba PFG Best United States Bankruptcy Court Northern District of Illinois Judge Hon. Carol A. Doyle Chapter 7 Petition Filing Date July 10, 2012 Claims Bar Date December 14, 2012 Government Bar Date January 11, 2013 Amended Bar Date March 15, 2013 Record Date for Fifth […]