Peregrine Financial files for liquidation after fraud lawsuit and founder's suicide attempt A filing to liquidate with the US bankruptcy court on Tuesday shows that Peregrine has assets of $500m-$1bn and liabilities of $100m-$500m, and between 10,000 and 25,000 creditors. The CFTC alleged they falsified information in filings and overstated the company's bank deposits, leaving a shortfall that exceeded $200m. It claims the Mr Wasendorf use the funds for purposes other than those intended by its customers, and said "the whereabouts of the funds is currently unknown." The National Futures Association (NFA), responsible for monitoring PFG for compliance with reporting requirements, took an emergency enforcement action against PFG and Peregrine Asset Management on Monday. It blocked new or additional customer accounts or funds, alleging PFG had failed to prove it had met capital and segregated funds requirements.