Peregrine Financial Group founder sentenced to 50 years in prison for embezzlement
CEDAR RAPIDS, Iowa — A judge sentenced Peregrine Financial Group Inc. founder Russ Wasendorf Sr. to 50 years in prison on Thursday for stealing $215 million from investors over 20 years in what a prosecutor called the biggest fraud in Iowa history.
U.S. District Judge Linda Reade told Wasendorf, 64...
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