Auction Of Former Peregrine Financial Group Founder Russ Wasendorf's Assets : News Photo

Auction Of Former Peregrine Financial Group Founder Russ Wasendorf's Assets

A long line of bidders register prior to an auction of the contents of the corporate offices of Peregrine Financial Group Inc. and My Verona Restaurant as well as personal items to help with the recovery of assets in the Russell Wasendorf Sr. bankruptcy proceedings in Cedar Falls, Iowa, U.S., on Dec. 5, 2012. Wasendorf, the founder of Peregrine Financial Group Inc., pleaded guilty in September to forging statements from lenders “to embezzle millions of dollars from customer accounts.” Photographer: Steve Pope/Bloomberg via Getty Images
Caption:
A long line of bidders register prior to an auction of the contents of the corporate offices of Peregrine Financial Group Inc. and My Verona Restaurant as well as personal items to help with the recovery of assets in the Russell Wasendorf Sr. bankruptcy proceedings in Cedar Falls, Iowa, U.S., on Dec. 5, 2012. Wasendorf, the founder of Peregrine Financial Group Inc., pleaded guilty in September to forging statements from lenders “to embezzle millions of dollars from customer accounts.” Photographer: Steve Pope/Bloomberg via Getty Images
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Date created:
December 05, 2012
Editorial #:
157690699
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Contact your local office for all commercial or promotional uses.For editorial use only. Additional clearance required for commercial or promotional use, contact your local office for assistance. Any commercial or promotional use of Bloomberg content requires Bloomberg's prior written consent.
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Rights-managedRights-managed products are licensed with restrictions on usage, such as limitations on size, placement, duration of use and geographic distribution. You will be asked to submit information concerning your intended use of the product, which will determine the scope of usage rights granted.
Photographer:
Bloomberg / Contributor
Collection:
Bloomberg
Credit:
Bloomberg via Getty Images
Max file size:
3,000 x 1,964 px (41.67 x 27.28 in) - 72 dpi - 1.22 MB
Release info:
Not released.More information
Source:
Bloomberg
Object name:
WASENDORF AUCTION

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A long line of bidders register prior to an auction of the contents... News Photo 157690699Assistance,Auction,Bankruptcy,Cedar Falls - Iowa,Cedar Rapids,Corporate Business,Feature,Finance,Group Of Objects,Horizontal,Inside Of,Iowa,Justice,Law,Line,Long,Luxury,Midwest USA,North America,Office,Private,Recovery,Register,The Americas,USA,Wealth,White Collar CrimePhotographer Collection: Bloomberg 2012 BloombergA long line of bidders register prior to an auction of the contents of the corporate offices of Peregrine Financial Group Inc. and My Verona Restaurant as well as personal items to help with the recovery of assets in the Russell Wasendorf Sr. bankruptcy proceedings in Cedar Falls, Iowa, U.S., on Dec. 5, 2012. Wasendorf, the founder of Peregrine Financial Group Inc., pleaded guilty in September to forging statements from lenders “to embezzle millions of dollars from customer accounts.” Photographer: Steve Pope/Bloomberg via Getty Images