Peregrine: The Forged Statement and the Confession

For nearly twenty years, Russell Wasendorf Senior 

intercepted letters from his bank, altered the 

balance figures in Photoshop, and submitted the 

forged documents to regulators as genuine. Two 

hundred and fifteen million dollars in client funds 

was missing. When electronic verification finally 

bypassed his post office box, he drove to the 

company car park and wrote a confession.

This episode of Dark Money: True Crime Finance goes 

inside Peregrine Financial Group — one of the most 

methodical one-man frauds in American regulatory 

history, the scanner and the Photoshop subscription 

that made it possible, and the note that ended it.

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