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JAN 31, 2013 - New York Post

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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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