Six weeks after the collapse of Peregrine Financial Group, tensions are rising between customers clamoring for the release of frozen funds and a bankruptcy trustee skeptical of records at a brokerage whose CEO confessed to forging financial data, Reuters reported yesterday. Customers say that Ira Bodenstein, the trustee in charge of recovering client money, is delaying payouts and keeping the customers in the dark as to why. Bodenstein rejects the criticism, saying that the firm's fabricated financials make him doubt the accuracy of the firm's accounting for its 24,000 clients.
