Peregrine Financial CEO’s new wife seeks annulment
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CHICAGO (Reuters) – The new wife of Peregrine Financial Group CEO Russell R. Wasendorf Sr. has sought an annulment of their marriage, claiming that he married her knowing he was about to be arrested for defrauding customers and was planning a suicide.

Nancy J. Paladino alleged that Wasendorf married her under false pretenses when they wed on June 30 at the ritzy Bellagio hotel in Las Vegas because he “did not advise of the fraud or the suicide,” according to documents filed with Clark County District Court in Nevada.

Paladino, 48, filed her complaint for an annulment on August 13, a month after Wasendorf, 64, was arrested by federal investigators. He was arrested after being released from an Iowa City, Iowa, hospital, where he had recovered from a failed suicide.

Earlier this month, Wasendorf was indicted by a federal grand jury on 31 counts of overstating the amount of customer funds at his brokerage by tens of millions of dollars in faked monthly and yearly reports to the Commodity Futures Trading Commission (CFTC).

The CFTC has said Wasendorf misappropriated more than $ 200 million in customer funds. In a suicide note, Wasendorf confessed to bilking his customers out of millions of dollars over a nearly 20-year period. He is currently being held under suicide watch at the Linn County Jail in Cedar Rapids, Iowa.<…………… continues on

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Galaham Zuanich, Simply Personal Finance: Investing for retirement
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EDITOR’S NOTE: Galaham Zuanich, an investment adviser for Morgan Stanley Smith Barney in Santa Cruz, will be writing a monthly column on personal finance. His column will appear Mondays.

Investing for retirement can be a difficult task. Here are some time-tested strategies that could work for you.

First you have to build and maintain a well-balanced portfolio that is right for your situation. You begin with an asset allocation. Investment assets typically are stocks or equities for growth, bonds or fixed income for income and stability, and cash or money market instruments for short-term cash needs.

Once you have determined how much growth vs. stability vs. short-term needs is right for you, then you should diversify. We have all heard that you shouldn’t keep all of your eggs in one basket.

Diversification is the process of spreading your investment across the different asset types. The idea is that you want to protect yourself should a portion of your investments not go according to plan.

How much should you put in to each asset class? One of the best ways to answer this question is to be honest about your current financial situation and attitudes toward risk. Be sure to have enough stability in your portfolio that you can sleep at night. This is what I call the “sleep test.” If you are up all night worried about yo…………… continues on Santa Cruz Sentinel

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