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BusinessFinancial Markets

And You Thought You Were Having A Bad Day

posted: 10 months ago

Pulling Hair

Spare a thought for this guy (even though he might have brought it all on himself).

So, you're the CEO of a small futures broking firm.

Something's clearly going on at work.

Things are so bad, in fact, that you try to kill yourself in your car outside your office building.

Worse, you actually survive the attempt - but remain in a critical condition in a coma.

Alarmed by your suicide attempt, regulators start to sniff around at your firm. They apparently discover a $200m shortfall in your customer accounts.

The U.S. Commodity Trading Commission sues you (and your firm) for alleged fraud.

The FBI launches an investigation.

Your business files to liquidate in bankruptcy.

It's not a good time to be Peregrine Financial Group CEO Russell Wasendorf.

Broker CEO Attempts Suicide, As $200m Of Client Monies Feared Missing

image: © stuartpilbrow

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