WASENDORF CASE: Embezzler Wants Freedom

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An admitted embezzler will remain in prison until he’s sentenced.

Last month, former Peregrine Financial CEO Russell Wasendorf pled guilty to embezzlement, fraud and lying to federal regulators.

He’s accused of stealing more than $100-million from customer accounts.

Wasendorf hoped to be released from prison until he’s sentenced. ┬áThat request was rejected Tuesday.

A sentencing date has not been set.