Thursday, July 26, 2012

Turn The Ship Around - The Number 1 Business Leadership Book On Amazon

I highly recommend a brand new book called Turn the Ship Around!, which is an insightful treatise on leadership for any organization at all staff levels.  It presents a new leadership paradigm for enterprises big and small seeking to be successful.  The book is written by my brother, Captain L. David Marquet (USN- Ret.) based upon his experience as a nuclear submarine captain.  The book has a foreword by the recent late great Stephen Covey.  It is currently the number one book on business leadership on  Get it, read it and spread the word.


Saturday, July 14, 2012

Massive Embezzlement Admitted At Iowa-Based Financial Firm

Russell Wasendorf
Russell Wasendorf, Sr., 64, of Cedar Falls, Iowa, has been charged with making and using false statements in connection with a $215 million embezzlement scheme he has reportedly admitted to having engaged in over a period of nearly 20 years at the financial firm he ran as CEO, Peregrine Financial Group, Inc.  According to reports, Wasendorf admitted in a statement to FBI investigators that he personally doctored bank statements to enable him to embezzle the funds from client accounts.  In his statement, Wasendorf explained, “Using a combination of Photoshop, Excel, scanners, and both laser and ink jet printers I was able to make very convincing forgeries of nearly every document that came from the bank.”  Wasendorf was found earlier this week after an apparent suicide attempt in his car.  A suicide note was left for his wife and son, also executives of Peregrine.

Read the story herehere, here and here.

Read the criminal complaint here.

Update (1/13/13): Wasendorf was sentenced to 50 years in prison and ordered to pay $215.5 million in restitution.