Ira Bodenstein, the bankruptcy trustee for Peregrine Financial Group, has billed the estate $3.7 million for eight months of work. The money, which would come from the same pool used to pay customers, would be about 3% of the amount returned. A court filing by Bodenstein characterizes the bill as "appropriate in light of the results and benefits achieved through his efforts on behalf of the estate and its creditors."

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