Jet-Owning Peregrine CEO Russell Wasendorf Sr.: 'I Don't Live A Lavish Lifestyle'
Peregrine Financial Group Chief Executive Russell Wasendorf Sr., who last week confessed to bilking futures customers of more than $100 million, owned a jet plane and an extensive wine collection but he did not, he said in his confession, live large.
"I don't live a lavish lifestyle," Wasendorf wrote in a signed note detailing the 20-year fraud. "Although I am sure that some people will think that I do."
A complete copy of the confession was obtained by Reuters on Wednesday.