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Iowa CEO Pleads Guilty in $100M Fraud

Peregrine Financial boss Russell Wasendorf faces 24 years in jail

By Matt Cantor,  Newser Staff

Posted Sep 18, 2012 8:06 AM CDT

(Newser) – The CEO of Iowa's Peregrine Financial Group has pleaded guilty to fraud, including embezzling $100 million from 24,000 customers in the state over the course of 20 years. Russell Wasendorf Sr., who had been known for his generosity to universities, health care systems,...   Read full story »

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fraud • embezzlement • Peregrine Financial Group • Russell Wasendorf

 
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