Business & Tech
Wasendorf, PFG Auction Sold Thousands of Items Wednesday
Thousands of bottles of wine, a 1957 Ford Thunderbird, home furnishings and restaurant equipment from myVerona are among the items to be auctioned on Wednesday.
The sale of the property of Russell Wasendorf Sr. and his now bankrupt company Peregrine Financial Group (PFG) has begun.
Wasendorf is awaiting trial on charges he embezzled over $200 million using falsified bank records. The auction is an attempt to recoup some of PFG's creditor's losses.
The bidding on everything from Wasendorf's clothes to the computers formerly used by his employees to over 3000 bottles of wine began at 10 a.m.
Find out what's happening in Cedar Fallsfor free with the latest updates from Patch.
The in-person auction is taking place at PFG's corporate office, One Peregrine Way, Cedar Falls. The auction is also online - to view without bidding, go to this website and click "log in as viewer."
Want to know what all is for sale? Read the list.
Find out what's happening in Cedar Fallsfor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.