Monday, September 3, 2012

PEREGRINE ASSETS TO BE AUCTIONED

WSJ - The assets of Russell Wasendorf, Sr., founder and CEO of Peregrine Financial Group will be auctioned off shortly as announced by a court-appointed receiver. The futures and currency firm filed for bankruptcy July 10, 2012. Items to be auctioned are (per Wall Street Journal): a 1957 Ford Thunderbird; mason jars; a Swiss watch; clothes; an Italian Restaurant called "My Verona"; thousands of bottles of wine; Chicago Bears sports memorabilia; dishes; jewelry; sports vehicles and hundreds of other items. As the court-receiver said, "One man's trash is another man's treasure".

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