Age, Biography and Wiki
Russell Wasendorf was born on 1948. Discover Russell Wasendorf's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 75 years old?
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Commodity broker |
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1948 |
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1948 |
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We recommend you to check the complete list of Famous People born on 1948.
He is a member of famous with the age years old group.
Russell Wasendorf Height, Weight & Measurements
At years old, Russell Wasendorf height not available right now. We will update Russell Wasendorf's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
Who Is Russell Wasendorf's Wife?
His wife is Connie Wasendorf until 2010
| Family |
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Not Available |
| Wife |
Connie Wasendorf until 2010 |
| Sibling |
Not Available |
| Children |
Russell Wasendorf Jr. |
Russell Wasendorf Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Russell Wasendorf worth at the age of years old? Russell Wasendorf’s income source is mostly from being a successful . He is from . We have estimated
Russell Wasendorf's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
$1 Million - $5 Million |
| Salary in 2023 |
Under Review |
| Net Worth in 2022 |
Pending |
| Salary in 2022 |
Under Review |
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Not Available |
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Not Available |
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Russell Wasendorf Social Network
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Timeline
He was arrested in July 2012 following a suicide attempt. In September he pleaded guilty to embezzling $215.5 million from more than 13,000 customers over the course of 20 years. On January 31, 2013, he received a 50-year sentence for fraud, effectively a life sentence.
On July 9, 2012, the same day that the National Futures Association reported that PFG appeared to be missing at least $200 million in customer funds, Wasendorf attempted to commit suicide by asphyxiation outside company headquarters. Before doing so he left a suicide note admitting to embezzling from the company for nearly two decades, according to the FBI affidavit. "I have committed fraud. For this I feel constant and intense guilt," he wrote in the note, according to the affidavit.
Wasendorf was arrested and charged with making false statements to the Commodity Futures Trading Commission (CFTC). He admitted to stealing at least $100 million from his firm, according to an FBI affidavit that accompanied the criminal complaint unsealed on July 13, 2012, the date of his arrest. He pleaded guilty to all charges in July 2012. In January 2013, federal judge Linda Reade sentenced him to 50 years of prison, all but assuring that he will die in custody. She also ordered him to pay $215.5 million in restitution, though she noted that PFG's customers will probably never be made whole.
Wasendorf is the author or co-author of six books about trading and futures, has been an investor in the BESTDirect Online Trading platform, and in 2001 founded .mw-parser-output .vanchor>:target~.vanchor-text{background-color:#b1d2ff}SFO (Stocks, Futures, Options), an industry magazine that ceased publication in 2012. Wasendorf has engaged in charity work and won a number of awards for contributions to the community.
Wasendorf established Wasendorf & Son Inc. in 1980, renamed it Peregrine Financial Group (PFG) 10 years later and opened a Chicago office, according to the company website.
Russell R. Wasendorf Sr. (born 1948) is the former chairman and chief executive officer of Peregrine Financial Group, also known as PFGBEST, a futures commission merchant (commonly known as a commodity broker) that filed for bankruptcy protection in Chicago in July 2012.
