RUSSELL WASENDORF SR. Peregrine Financial Group, Inc.: "I SPENT IT! AND, I AM SECRETLY MARRIED!"

Wednesday, July 18, 2012---

Russell Wasendorf Sr., founder of Peregrine Financial Group, Inc., who has allegedly embezzled upwards of $200 million to about $225 million dollars of customer funds, and has recently (and allegedly) attempted suicide, has responded in his own way as to what he did with the embezzled funds: "I spent it!" And, adds Wasendorf in a note to his son, "I am secretly married!"

Some of Wasendorf Sr.'s spending details are beginning to surface: a new $18 million Peregrine Financial headquarters building in Cedar Falls, Iowa; a $10 million private jet plane; a $100,000 personal wine collection stored at his multi-million dollar high-end Italian restaurant, "myVerona"; A $1 million-plus condominium near downtown Chicago; a $1 million-plus house outside of Cedar Falls; a publishing company worth millions; a holding company named Wasendorf and Associated; and other multi-million dollars entities.

And, as if this fact is important, Wasendorf is secretly married.

[www.reuters.com/article/2012/07/18/us-peregrine-ceo; WSJ, 07/18/2012, p. A1-A2; Huffington Post Business, July 18, 2012; www.huffingtonpost.com/2012/07/17/russel-wasendorf]