Peregrine Financial Group Founder Russell Wasendorf's Assets To Be Auctioned


Mark Weitz, president of the asset liquidation company Great American... News PhotoAssistance,Auction,Bankruptcy,Business,Cedar Falls - Iowa,Cedar Rapids,Corporate Business,Crisis,Explaining,Finance,Horizontal,ID Card,Inside Of,Iowa,Justice - Concept,Law,Luxury,Midwest USA,North America,Office,President,Recovery,The Americas,USA,Wealth,White Collar CrimePhotographer Collection: Bloomberg 2012 BloombergMark Weitz, president of the asset liquidation company Great American Group, explains the bidding rules prior to the start of the auction of the contents of the corporate offices of Peregrine Financial Group Inc. and My Verona Restaurant as well as personal belongings to help with the recovery of assets in the Russell Wasendorf Sr. bankruptcy proceedings in Cedar Falls, Iowa, U.S., on Dec. 5, 2012. Wasendorf, the founder of Peregrine Financial Group Inc., pleaded guilty in September to forging statements from lenders “to embezzle millions of dollars from customer accounts.” Photographer: Steve Pope/Bloomberg via Getty Images