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APNewsBreak: Brokerage chief left suicide note

APNewsBreak: Suicide note from brokerage chief prompted FBI probe; $220 million still missing By The Associated Press

WASHINGTON (AP) Authorities say the chief of an Iowa-based brokerage firm where millions of dollars have vanished left a suicide note that prompted them to notify the FBI.

Black Hawk County Sheriff Tony Thompson said the founder and chairman of Peregrine Financial Group was found Monday in his car outside company headquarters. The sheriff said a tube was running from the vehicle's tailpipe to its interior when officers arrived.

He declined to discuss the contents of the note.

A day after Russell Wasendorf Sr.'s apparent suicide attempt, the Commodity Futures Trading Commission filed civil fraud charges against the firm, accusing it and Wasendorf of misusing customer funds and failing to keep them separate from company money.

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Related Keywords:Broker-Funds Frozen,Business,General news,Suicides


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