Peregrine CEO's Receiver Can Surrender Life Insurance, Plane

By Megan Stride ( August 8, 2012, 2:19 PM EDT) -- The receiver in the U.S. Commodity Futures Trading Commission's fraud suit against bankrupt Peregrine Financial Group Inc. won an Illinois federal judge's approval Wednesday to surrender CEO Russell R. Wasendorf Sr.'s stake in a plane and try to maximize the value of two life insurance policies he owns....

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