Pennsylvania advisor Frank Peperno took money from his securities business, put it in a business bank account, and used some of it to purchase a gym. Frank, FYI the Feds consider this money laundering. You can’t chalk this up to good physical fitness. See the Investment News story here. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091016/FREE/910169987/1094/INDaily01
