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Peregrine Financial trustee seeks to return $41 million to clients

By Tom Polansek CHICAGO (Reuters) - Peregrine Financial Group's bankruptcy trustee plans to return up to $41 million to former customers of the failed futures brokerage in the second payout since the firm collapsed 17 months ago.

UPDATE 2-Peregrine Financial fraud loss tops $215 mln, U.S. says

* US seeks maximum sentence of 50 years for Wasendorf * He sought to appear rich to avoid discovery of fraud -U.S. * Peregrine was never actually profitable -prosecutors * Wasendorf sentencing scheduled for Jan. 31 in Iowa By Ann Saphir and Tom Polansek
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