Daily Archives: July 11, 2012

Client Money Disappears; CEO Attempts Suicide

July 11, 2012
Client Money Disappears; CEO Attempts Suicide

The FBI is now investigating the Peregrine Financial Group, a broker of commodity futures, which reported the whereabouts of $220 million of client money is unknown. The Commodity Futures Trading Commission filed in federal court to freeze any remaining funds under the belief the missing money was “misappropriated by the firm and its founder,”...

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