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Peregrine’s Wasendorf Aided in Asset Probe, Receiver Says

Sept. 11 (Bloomberg) -- Russell Wasendorf Sr., accused by the Commodity Futures Trading Commission of misappropriating about $200 million of customer money in the Peregrine Financial Group Inc. futures brokerage, has provided “valuable information” on the assets and liabilities of companies he controlled to the CFTC and its chosen receiver, the Federal Bureau of Investigation and the Department of Justice during 12 hours of interviews, the receiver said yesterday in a federal court filing in Chicago.

Many of Wasendorf’s assets, which include a publishing venture, an unprofitable restaurant, a boat, aircraft, cars and 4,000 bottles of wine, were bought or supported by funds embezzled from customers, based on information the receiver said he had obtained since the collapse of the brokerage in July.

Wasendorf has asked to be released from custody before trial.

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To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net

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