The United States District Court for the Northern District of Iowa has unsealed the criminal complaint against Peregrine Financial Group (PFG Best) CEO Russell Wasendorf Sr. (“Wasendorf”). See U.S. v. Wasendorf, No. 12-MJ-131 (N.D. Iowa). Wasendorf attempted suicide earlier this week before the CFTC sued him for fraud. Reuters is now reporting that Wasendorf has been arrested.
The criminal complaint charges Wasendorf with “making and using false statements in a matter within the jurisdiction of the Government of the United States” in violation of 18 U.S.C. Sec. 1001(a)(1)&(3).
An Affidavit of the FBI special agent includes the following excerpts from Wasendorf’s suicide letter: