Federal court accepts bid for PFG building - KTIV News 4 Sioux City IA: News, Weather and Sports

Federal court accepts bid for PFG building


A bid floor is set for the former office headquarters of Peregrine Financial Group.

A federal court approved a bid $2.75 million Wednesday for the more than 48,000 square foot building.

Federal authorities say anyone interested in purchasing the property will have to offer a bid of at least $2.85 million.

The deadline for bids is May 24. The property is scheduled to go on the auction block May 31.

Russ Wasendorf, Sr. pleaded guilty in September 2012 to misspending more than $200 million of PFG investor funds over a 20 year period.

Wasendorf began a 50 year prison sentence in February 2013.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KTIV Television Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Clayton at (712) 239-4100 x209. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.