CEO pleads guilty to fraud (steals 200 million)

[onethatcares]

and will face sentencing soon. Maybe even 24 - 50 years

The CEO of Perigrine Financial Group, Russell Wasendorf Sr. pled guilty to lying to federal investigator (31 counts)

and faces jail time for that. $100,000,000.00 of that has not been located as yet and the judge did not allow him

to leave jail pending sentencing. Damn activist judge.

sorry, my c&p skills are non existant so google is your friend on this one.

[quinnox]

1. well, as a job creator, he deserves every penny of the 200 million

It's not his fault if he didn't get a proper salary befitting his position!

[BumRushDaShow]

2. A link

http://news.yahoo.com/peregrine-ceo-remain-jail-government-balks-release-175716296--finance.html

[RKP5637]

3. Here's a link ...

http://bottomline.nbcnews.com/_news/2012/09/18/13932466-peregrine-ceo-wasendorf-pleads-guilty-in-100-million-embezzlement-scheme?lite

[hughee99]

4. So he stole $200 million from a bunch of people who trade futures?

I'm not sure how bad I feel for anyone involved in this.

[Initech]

5. I'm willing to bet that a good majority of publicly traded CEOs are guilty of skimming lots of money.

[tk2kewl]

6. one down

hundreds to go