Priceless SpongeBob SquarePants Coins Couldn’t Prevent Collapse Of Peregrine Financial Group

Silver SpongeBob SquarePants coins minted by a private company in New Zealand were among assets seized by FBI agents from Peregrine Financial Group after its chief confessed to nearly 20 years of fraud last week…The coin disclosure adds a new twist to the case of Peregrine Finiancial Group’s CEO Russell Wasendorf Sr., who was arrested last Friday after he confessed to doctoring bank statements to make regulators think his futures brokerage had nearly twice the assets that it did, leaving customers with an estimated shortfall of over $200 million. Peregrine, which operated as PFGBest, filed for bankruptcy protection last week. Peregrine ran a unit called PFG Precious Metals Inc., which offers investors “whole sale prices, fast & fully insured shipping” for gold, silver, and platinum coins, as well as novelty items created through a partnership with the Auckland-based minting firm. [Reuters via DI]

(hidden for your protection)
Show all comments

113 Responses to “Priceless SpongeBob SquarePants Coins Couldn’t Prevent Collapse Of Peregrine Financial Group”

  1. lamps says:

    Spongebob coins > monopoly money > solvency

  2. Put_Option says:

    Who lives in a jail cell covered in pee? Russell Wasendorf Sr!
    Insolvent and crooked and stupid is he. Russell Wasendorf Sr!
    If Enron accounting be something you wish. Russell Wasendorf Sr!
    Then drop the soap on the floor and flop like a fish. Russell Wasendorf Sr!

  3. JohnnyCanes says:

    They're the new Greek drachmas

  4. Stacey says:

    My Dearest Ram-Man,

    How I miss the nights we spent together. The ground may have been hard and cold, but your embrace kept me warm. Those were the lovliest nights I have ever experienced, and I miss you deeply. It is hard to believe that only nine months have passed – it really feels like years.

    You should know that the baby is due any day now. Ram-Man, I want to know – I need to know – who the father is. I hope you can understand why and how important this it to me. All I know is that Curtiss is not the father. Yes, I suppose it could have been the bearded bongo player or one of the three other guys from the orgy that crazy night, or even the funny looking kitchen volunteer (or his brother), but really Ram-Man, I am hoping it is you.

    Don't be alarmed, Ram-Man, there is nothing I am asking from you in terms of support financially, or emotionally. Curtiss will still be there for me. I just want to know for myself. Please take the DNA test I sent in the mail. It would mean so much.

    Love Always,


  5. Musical Guest says:

    Who lives in a box under a tree?………RUSS ELL WASENDORF!

  6. Guest says:

    The website is still up:

  7. just saying says:

    "The coin disclosure adds a new twist to the case"

    This made me laugh. $200M in customer funds missing, guy tries to kill himself, 20 years of fraud and yet commemorative coins add a new twist to the case.

  8. just old enough says:

    after his years of getting sandy cheeked in the pen, he'll probably flip some krabby patties for a living

  9. N'08 says:

    Damn, so does this mean that all the coins I ordered for my latest slam aren't gonna show up? I totes thought spongebob coins were the new flowers.

  10. hJrP3N I really enjoy the blog article.Really looking forward to read more. Awesome.

  11. I must express my appreciation to this writer for bailing me out of such a circumstance. Because of searching throughout the the web and getting views which are not productive, I figured my entire life was done. Being alive devoid of the solutions to the problems you have resolved all through your report is a serious case, and the kind which could have in a negative way affected my career if I had not encountered the blog. Your main know-how and kindness in touching a lot of things was very useful. I am not sure what I would have done if I had not come upon such a step like this. It’s possible to at this point look ahead to my future. Thanks for your time so much for the expert and effective help. I won’t be reluctant to recommend the website to anyone who desires guide about this subject.

  12. There is evidently a bundle to know about this. I assume you made certain nice points in features also.

  13. Thanks for informative post. I’m pleased sure this post has helped me save several hours of browsing other similar posts just to discover what I was seeking for. Just I want to say: Thank you!

  14. Wow, marvelous web site layout! How long have you ever been writing a blog for? you help to make blogging peek easy. The entire look of your respective web site is great, neatly since the content!

  15. Simply wanna input that you have a very decent internet site, I enjoy the pattern it actually stands out.

  16. I don’t unremarkably comment but I gotta admit regards for the post on this one : D.

  17. Dang I love this site So much.

  18. tzakia says:

    You have noted very interesting details! ps decent website.

  19. poker games says:

    Lovely just what I was searching for.Thanks to the author for taking his clock time on this one.

  20. Can I just say what a reduction to seek out someone who truly is aware of what theyre talking about on the internet. You undoubtedly know how you can bring an concern to gentle and make it critical. Extra folks need to read this and perceive this aspect of the story. I cant consider youre not a lot more in style since you undoubtedly have the gift.

  21. top article says:

    However along with its reputation came out the speculations about it’s adverse reactions. The idea happens when a little something is that often very good, then there has to be something inside the ingredient that can bring and the second reaction. This can be among the feelings the fact that not-so-convinced individuals consider.

  22. Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.

  23. What cell telephone browser is this website page optimized for Internet explorer?

  24. I discovered your blog web site website on the search engines and check several of your early posts. Always sustain up the very excellent operate. I lately additional increase Rss to my MSN News Reader. Searching for toward reading much more on your part later on!…

  25. I would like to thnkx for the efforts you’ve put in writing this website. I’m hoping the same high-grade web site post from you in the future also. In fact your creative writing skills has encouraged me to get my own web site going now. Actually blogging is spreading its wings and growing quickly. Your write up is a great example.

  26. Lucas says:

    I think it is a actual excellent post. Desire more.

  27. Really instructive and excellent bodily structure of written content, now that’s user pleasant (:.

  28. wypadek w uk says:

    Travel Waterway Chap opposed to Food Nation Badge | Foursquare Atlanta I was recommended this website by my cousin. I’m not assured whether this post is written by him as nonentity besides make out such exhaustive regarding my difficulty. You’re incredible! Thanks! your article concerning Go Conduct Man in opposition to Foodstuff Nation Badge | Foursquare AtlantaBest Regards SchaadAndy

  29. kasynowe gry says:

    I dugg some of you post as I cogitated they were extremely helpful very useful

  30. The team at Burriss and Ridgeway believes quality communication is a key to solving clients’ problems by keeping clients well informed at every stage of their personal injury or workers’ compensation case. Burriss and Ridgeway Injury Lawyers represent clients across South Carolina and are conveniently located in Columbia, Lexington and Orangeburg, South Carolina.

  31. Rattling nice pattern and superb written content, nothing else we need : D.

  32. Great post, I believe people should acquire a lot from this website its very user friendly.

  33. eliko carpet says:

    I was looking at some of your content on this website and I think this internet site is really informative ! Keep posting .

  34. It is actually a great and helpful piece of information. I’m glad that you just shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.

  35. Hi bros just loves your good editorial thank you and could you don’t quit!

  36. eliko carpet says:

    I simply could not depart your website before suggesting that I really enjoyed the usual info a person provide on your guests? Is gonna be back incessantly in order to inspect new posts.

  37. bartender says:

    It’s a pity you don’t have a donate button! I’d most certainly donate to this outstanding blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to new updates and will share this site with my Facebook group. Talk soon!

  38. you use a amazing weblog here! do you want to make some invite posts on my weblog?

  39. There are undoubtedly a enormous split of particulars choose that to deem. Which is a great indicate dialogue concerning. My partner and i offer the views above as standard ideas yet obviously you will get hold of concerns much comparable the 1 you mention in which the mainly crucial topic is going to live doing work in candid excellent religion. I am dependable that your career can live plainly referred to as a sufficient videotape game.

  40. mbt tilbud says:

    Properly, that is fantastic, but consider further options we’ve got here? Could you mind submitting an additional write-up relating to them also? Several thanks!

  41. Santo Frie says:

    I was studying some of your articles on this site and I conceive this website is real instructive! Retain putting up.

  42. Please let me know if you’re looking for a writer for your weblog. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some articles for your blog in exchange for a link back to mine. Please shoot me an email if interested. Thanks!

  43. Immigration… […]the time to read or check out the content or sites we have linked to below the[…]…

  44. eliko carpet says:

    Very interesting topic , regards for posting . “The height of cleverness is to be able to conceal it.” by Francois de La Rochefoucauld.

  45. Wonderful goods from you, man. I have understand your stuff previous to and you are just too magnificent. I actually like what you’ve acquired here, certainly like what you’re stating and the way in which you say it. You make it enjoyable and you still take care of to keep it wise. I can’t wait to read far more from you. This is really a great web site.

  46. Anonymous says:

    Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.

  47. Hello! Do you have Twitter? I’d want to follow anyone if that would be ok. I’m definitely enjoying your blog and expect new changes.

  48. How have you ever help make your website look this cool. Email me in the event you possibly might and share your perception. Id become appreciative!

  49. this really is something i’ve never ever read. quite detailed analysis.

  50. Katalog says:

    I simply couldn’t go away your website prior to suggesting that I really loved the standard info a person provide to your guests? Is going to be back often to investigate cross-check new posts

  51. recenzje says:

    I genuinely enjoy studying on this internet site, it contains fantastic blog posts.

  52. I don’t agree with this certain article. Even so, I did researched in Google and I’ve discovered out that you are correct and I had been thinking in the incorrect way. Continue producing quality material related to this.

  53. Hiya. Self-same cool site!! Guy .. Exquisite .. Fantastic .. I will bookmark your web locate and take the feeds also…I’m content to find hence a lot helpful communication decent at this juncture within the post. Show gratitude you for sharing…

  54. continue says:

    Among the list of unwanted side effects which is becoming stated throughout Crimson Half truths vitality liquids can be their caffeine intake content. There are those that think that there are high degrees of the level of caffeine getting within a single jar in this electrical power ingest.

  55. 1 says:

    One of many negative effects that is remaining described in Crimson Bull electricity beverages is their level of caffeine articles. There are people that believe you will find substantial degrees of caffeine remaining incorporated into just one bottle on this strength drink.

  56. I got what we impart, thanks pertaining to swing upwards. Woh I’m happy for you to pronounce this excellent website finished yahoo. Thanks Pertaining to Share Khmer Karaoke Celebrities .

  57. As soon as I found this site I went on reddit to share some of the love with them.

  58. more information says:

    G’day to absolutely everyone. I Am from Greece and i develop a great new net site. Please Click my web portal and told me your thoughts and opinions. You Can See many ideas and information just about my job. It Really Is free 100% and without the need for registrator. With Thanks To every person who will look at my completely new world wide web site. It Will Aids my job. | πόρτες ασφαλείας |

  59. You are my breathing in, I possess few blogs and rarely run out from to post : (.

  60. Some genuinely nice and useful information on this web site, too I conceive the style holds good features.

  61. I just couldn’t depart your web site prior to suggesting that I actually loved the usual info an individual provide in your guests? Is gonna be back frequently to check up on new posts.

  62. I’ve been meditating on the very same factor personally recently. Delighted to see an individual on the same wavelength! Nice article.

  63. I discovered your blog site on google and check a couple of of your early posts. Continue to maintain up the very good operate. I just further up your RSS feed to my MSN News Reader. In search of forward to reading extra from you in a while!…

  64. Gday administrator, I just wanted to give you a quick heads up that your Domain name: is being flagged as a potentially malicious blog in my web browser safari. I’d highly recommend having somebody look into it. You can lose a lot of readers due to this kind of issue. Very best of Luck.

  65. Hi! A big cheese in my Facebook categorize public this site with us accordingly I came to check it absent. I’m positively loving the information. I’m bookmarking and will be present peeping this to my followers! Outstanding blog and terrific design.

  66. oh dear, doesnt sound good news for this company

  67. SpongeBob SquarePants coins, love it lol

  68. How the hell do these guys end up owing figures like $200 million? It just makes me mad, seeing how we get some much grief for owing just $200….!!

  69. Have you ever thought about including a little bit more than just your articles? I mean, what you say is valuable and everything. However just imagine if you added some great images or videos to give your posts more, “pop”! Your content is excellent but with images and videos, this site could definitely be one of the best in its field. Wonderful blog!

  70. I enjoy this internet site, will definitely arrive back. Make positive you carry on writing high quality posts.

  71. Keep up the good piece of work, I read few content on this internet site and I believe that your blog is really interesting and has got circles of excellent information.

  72. Thank you for sharing excellent informations. Your web site is very cool. I’m impressed by the details that you’ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched all over the place and just couldn’t come across. What a perfect website.

  73. I entirely understand what you might have explained. Actually, I browsed throughout your several other content articles and I do believe you’re completely correct. Congrats with this particular blog.

  74. escorte says:

    Excellent write-up. I am a normal visitor of your internet website and appreciate you taking the time to sustain the superb site. I will be a frequent visitor for a long time.

  75. This new appreciation of the importance and ubiquity of archaea came from using the polymerase chain reaction to detect prokaryotes in samples of water or soil from their nucleic acids alone.

  76. I am not real superb with English but I come up this very leisurely to interpret.

  77. Hollister says:

    I am glad that it turned out so properly and I hope it will continue in the future because it’s so worthwhile and meaningful towards the community.

  78. exceltdeefs says:


  79. With the whole thing that seems to be developing within this particular subject matter, many of your opinions are rather exciting. On the other hand, I appologize, but I do not give credence to your entire theory, all be it exhilarating none the less. It appears to everyone that your opinions are actually not totally rationalized and in simple fact you are yourself not really fully confident of your assertion. In any event I did take pleasure in looking at it.

  80. Jarred Borok says:

    Nice post at 302 Found. I was checking continuously this blog and I’m impressed! Extremely useful information specifically the last part :) I care for such info a lot. I was seeking this particular info for a long time. Thank you and good luck.

  81. Hassie Grill says:

    I like this blog its a master peace ! Glad I observed this on google .

  82. It’s not that I want to copy your web site, but I really like the style and design. Could you let me know which theme are you using? Or was it custom made?

  83. Dubai QROPS says:

    Oh my goodness! Awesome article dude! Thanks, However I am encountering troubles with your RSS. I don’t understand the reason why I am unable to join it. Is there anyone else having identical RSS problems? Anyone who knows the solution can you kindly respond? Thanx!!

  84. sie geben says:

    Heya i’m for the first time here. I came across this board and I locate It genuinely valuable & it helped me out significantly. I hope to give something back and aid others like you helped me.

  85. Huey Bakke says:

    Merely wanna remark on few general things, The website design and style is perfect, the written content is very fantastic : D.

  86. reference says:

    Nevertheless along with its popularity came up your speculations regarding it is side effects. The thought happens when a little something is very good, next there has to be a little something inside the factor that brings the opposite reply. This is one of the thought processes that this not-so-convinced people want.

  87. Some genuinely grand work on behalf of the owner of this website , absolutely outstanding subject material.

  88. Very interesting details you have noted, appreciate it for putting up.

  89. Sweet internet site, super design and style, real clean and utilise pleasant.

  90. Keep up the excellent piece of work, I read few articles on this web site and I conceive that your website is real interesting and has circles of wonderful information.

  91. You would endure heaps of different advised organized excursions with various chauffeur driven car experts. Some sort of cope previous capabilities and a normally requires a to obtain travel within expense centre, and even checking out the upstate New York. ???????

  92. nsa hookups says:

    Someone essentially assist to make severely posts I may possibly state. That will be the extremely first time I frequented your internet site page and so far? I surprised with the analysis you made to create this particular submit incredible. Magnificent task!

  93. Cavalier currently provides voice, data services to businesses, residential, and government customers on a private network. In 2012, following a series and mergers, acquisitions, and failed services by CavTel, one dissatisfied business service customer began a blog entitled to document his attempts to part ways with the company.

  94. quite good put up, i undoubtedly adore this web website, carry on it

  95. I’d perpetually want to be update on new content on this website , saved to favorites! .

  96. Its like you read my thoughts! You appear to understand a lot
    about this, like you wrote the book in it or something.
    I believe that you simply could do with a few % to drive the message home a little bit, but instead of that, that is great blog. A fantastic read. I will certainly be back.

  97. I appreciate you taking the time to speak about them with individuals.

  98. iza says:

    Some really interesting details you have written.Aided me a lot, just what I was searching for : D.

  99. It is now possible now to add your website for free on the web search engine .

  100. maria says:

    Wow! Thank an individual! I always planned to write on my blog something like that. Can My partner and i implement a part of your article to our site?

  101. Can I just say what a relief to search out somebody who truly is aware of what theyre speaking about on the internet. You undoubtedly know how to deliver a issue to light and make it critical. Extra folks require to learn this and perceive this facet with the story. I cant consider youre no more common because you positively have the gift.

  102. cash advance says:

    I enjoy your work , regards for all of the informative posts .

  103. Elsie Bo says:

    Wow, superb blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your web site is excellent, let alone the content!. Thanks For Your article about Priceless SpongeBob SquarePants Coins Couldn’t Prevent Collapse Of Peregrine Financial Group Dealbreaker: Wall Street Insider – Financial News, Headlines, Commentary and Analysis – Hedge Funds, Private Equity, Banks .