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SpongeBob coins among Peregrine assets seized by FBI
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. The coin disclosure adds a new twist to the case of Peregrine Finiancial Group CEO Russell Wasendorf Sr., who was arrested last Friday after he confessed to doctoring bank statements to make regulators ... (full story)
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