Russell Wasendorf Sr.'s suicide note to his son - KWWL - Eastern Iowa Breaking News, Weather, Closings

Russell Wasendorf Sr.'s suicide note to his son


According to federal court documents, Peregrine Financial Group owner Russ Wasendorf, Sr., left a signed confession and a suicide note for his son, Russ Wasendorf, Jr., before attempting to kill himself outside the company headquarters in Cedar Falls last week.

Wasendorf, Sr., is now facing federal charges stemming from more than 20 years of suspected fraud at the commodities and futures brokerage company.

Wasendorf, Sr., claims he was the only one in the company aware of the company's true financial situation because he created false records and distributed them both inside the company and to federal regulators.

Wasendorf, Sr., was scheduled to be married in Cedar Falls in August. Instead, he married his fiance Nancy Paladino in Las Vegas the week before his suicide attempt. Court documents show he also left a suicide note and signed confession for his wife.

Here is the suicide note that a person familiar with the situation said was left by Peregrine Chief Executive Russell Wasendorf, Sr., to his son:

To My Wonderful Son, Russ,

By the time you read this I will have taken my life. I beg for your forgiveness. I have written my final confession that will be discovered with my body. I know you will be shocked to discover my crimes. It all started about 20 years ago. I never wanted you to know the kind of guy I really was.

I know you'll start second guessing yourself, thinking back on some of the subtle signals that I may be up to something. Your mistake was that you trusted your Father, nothing more.

Another thing you do not know is that Nancy and I are married. We recently got married in Las Vegas. That makes her the heir to the majority of my estate. She will obviously need your help. She will be totally surprised by my demise and certainly will not expect to be saddled with the responsibilities.

It is my dying wish that you help her.

I love you deeply.

(signed) Dad


Powered by Frankly