Oh wow, this PFG story is going to be a lot more entertaining than I expected. "In Spongbob We Trust" ... what was this guy smoking?
FBI seizes Kiwi SpongeBob coins
Silver SpongeBob SquarePants coins minted by a private company in New Zealand were among the assets seized by FBI agents from Peregrine Financial Group after its chief confessed to nearly 20 years of fraud last week. Ira Bodenstein, the trustee in Peregrine's bankruptcy case in Chicago, said the coins were in a vault at the firm's Cedar Falls, Iowa, headquarters. The value of the takings was not immediately clear. They were made by NZ Mint, which told local reporters last week it was paid in full by PFG for them. The coin disclosure adds a new twist to the case of Peregrine Financial Group CEO Russell Wasendorf Sr, ... (full story)