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Peregrine clients lose patience as trustee seeks money

Peregrine Financial Group’s bankruptcy trustee has hired a team of forensic accountants to help figure out what money remains at the failed futures brokerage as impatient customers complain about delays in getting even some of their money back. “They’re not telling us anything, other than it’s going to be weeks before they tell us anything,” said Tim Rea, founder of New Zealand-based Transworld Capital Management Ltd, with about $900,000 in Peregrine accounts. Bankruptcy trustee Ira Bodenstein told Reuters on Wednesday he had hired PricewaterhouseCoopers to help figure out what remains at the failed futures brokerage after its founder’s arrest this month and confession to years of stealing from customers. Read CNBC report here.

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