Also, the firm has been accused of profiting from a Ponzi scheme run out of Minnesota by Trevor Cook. A receiver rounding up assets for Cooks victims in February filed suit against Peregrine Financial seeking $48 million for allegedly facilitating fraud. Cook is in prison.
One former employee of the firm said he had grown concerned that Wasendorf did not do more to distance the company from a massive $194 million forex-trading Ponzi scheme run by Trevor Cook in Minnesota, who admitted defrauding more than 700 investors. Cook is serving 25 years in prison.
Date: Jul 10, 2012
Category: Business
Source: Google
PFGBest liquidating operation, laying off hundreds
Earlier this year, PFGBest was sued in U.S. District Court in Minnesota due to a relationship with Trevor Cook, who was sentenced to 25 years for operating a Ponzi scheme that stole more than $190 million from investors in his funds.
Date: Jul 10, 2012
Category: Business
Source: Google
Peregrine Investigated Over Missing Money After Suicide Attempt
Peregrine was sued by a court-appointed receiver inMinnesota earlier this year for allegedly ignoring red flagsthat Peregrine customer Trevor Cook was operating a Ponzischeme, according to a Feb. 1 lawsuit filed in the United StatesDistrict Court in Minneapolis. Cook was sentenced to 25 years in
Sgt. Trevor Cook, 25, of Lyndonville, N. Y., was killed during a training exercise when the UH-1Y helicopter went down Wednesday in the northern section of the sprawling coastal base, said 1st Lt. Maureen Dooley, a spokeswoman at Marine Corps Air Station Miramar.
Moose JawCook's Enterprises I am an Electronics Designer, and a Blackberry and Palm App Programmer. I am into Photography, Reading and Writing, in my free time.