Early Start's new website

Head to http://www.cnn.com/shows/early-start for your news.




July 11th, 2012
10:46 AM ET

MYB: PFGBest moves to liquidate firm amid allegations of fraud, founder suicide attempt

(CNNMoney) - Futures brokerage Peregrine Financial Group has moved to liquidate the firm, after its founder attempted suicide and amid allegations of fraud.

Peregrine, which operates PFGBest and has offices in Chicago and Cedar Falls, Iowa, filed for Chapter 7 protection Tuesday in the U.S. Bankruptcy Court for the Northern District of Illinois. The filing came after regulators said more than $200 million had gone missing at the commodities brokerage.

On Early Start this morning, Christine Romans discusses the allegations against the firm and weighs in on the latest calls for Romney to disclose his tax releases.

Filed under: Minding Your Business
soundoff (No Responses)

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.