Peregrine Financial Group's bankruptcy trustee has hired a team of forensic accountants to help figure out what remains at the failed futures brokerage after its CEO's arrest and confession to years of stealing from customers, Reuters reported yesterday. PricewaterhouseCoopers was hired over the weekend and started work on Monday, trustee Ira Bodenstein told Reuters on Wednesday. Their task is to secure data and gather information, he said. Peregrine filed for bankruptcy on July 10, a day after the firm's CEO Russell Wasendorf Sr. attempted suicide and left a signed note describing how he bilked customers of more than $100 million over a nearly 20-year period, forging bank statements and intercepting mail between his bank and the firm's auditors at the National Futures Association.
