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JAN 31, 2013 - San Francisco Chronicle

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Iowa brokerage head gets 50 years for $215M theft

Iowa brokerage head gets 50 years for $215M theft Associated press Copyright 2013 Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 11:42 am, Thursday, January 31, 2013 U.S. District Judge Linda Reade told Wasendorf, 64, that the stiff sentence was warranted because of the "staggering losses" his greed caused to more than 13,000 investors, employees and creditors over 20 years. "By imposing a substantial sentence, the court sends a message that white collar criminals may serve long ... Read More

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