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Is this the same Peregrine?

1995 : () In 1995, for example, $70,000 in contributions to the Democratic National Committee bought Gluckstern a seat at Clinton's right hand during a controversial lunch with big donors at which the president praised them for helping fund an early ad blitz through a "soft-money" loophole. More recently, Gluckstern was Zurich's point man in an attempted rescue of Peregrine Investments Holdings, a controversial Hong Kong investment bank with strong ties to the People's Republic of China. Gluckstern grew up in Amherst, Mass., the son of a psychologist and a physicist. He began his professional career as a teacher. --------January 18, 1998 47 posted on Sunday, August 07, 2005 4:59:19 AM by kcvl

Off the top of my head and in ignorance of their past, doesn’t sound like them. Found this:

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For SD readers wondering how PFG could go several years with hundreds of millions of dollars missing from segregated client funds and yet regulators never say a word, wonder no more.

PFG’s CEO Russell Wasendorf Sr. is currently sitting on the National Futures Association’s Advisory Committee! Wasendorf is an active member of the committee that is supposedly regulating his firm!!!

You simply can’t make this s*** up!!

Futures Commission Merchant Advisory Committee

David M. Battan
Vice President and General Counsel
Interactive Brokers, LLC
Washington, DC
(term ending February 2015)

Bruce A. Beatus
Assistant General Counsel
Bank of America Merrill Lynch
Chicago, Illinois
(term ending February 2014)

Maria Chiodi
Director and Counsel
Credit Suisse
New York, New York
(term ending February 2014)

Clarence Delbridge, III
Executive Vice President
FC Stone, LLC
Chicago, Illinois
(term ending February 2014)

Robert F. Klein
Managing Director and General Counsel
Citigroup Global Markets, Inc.
New York, New York
(term ending February 2014)

Donald R. Levine
Senior Counsel
Jefferies Bache LLC
New York, New York
(term ending February 2015)

Bonnie Litt
Managing Director and
Associate General Counsel
Goldman Sachs & Co.
New York, New York
(term ending February 2015)

Marc Nagel
Chief Operating Officer
Dorman Trading LLC
Chicago, IL
(term ending February 2014)

Susan M. Schultz
Glenview, Illinois
(term ending February 2014)

Russell R. Wasendorf Sr.
CEO
PFG Best
Chicago, Illinois
(term ending February 2015

http://www.silverdoctors.com/russell-wasendorf-sr-currently-sitting-on-nfa-advisory-board/

~ ~ ~ ~

There is a Chicago connection. Watch the video here for further details .. this guy was an outright liar, and did truly despicable things with other people’s hard earned money, leaving them and his 100+ employees in the lurch. He was cooking the books for a couple of years, the $$ is gone, and the Feds just come now, when it’s too late:

http://chicagotonight.wttw.com/2012/07/11/chicago-business-news-711