From the AP: Federal prosecutors say the chief executive
officer of an Iowa-based brokerage firm that is missing more than $200 million
in customer money has been charged with lying to regulators.
A complaint filed Friday in U.S. District Court in Cedar
Rapids says 64-year-old Russell Wasendorf, Sr., made false statements to the
U.S. Commodity Futures Trading Commission about the value of customer funds
held by his company, Peregrine Financial Group, Inc.
A press release from the U.S. Attorney's Office says
Wasendorf was arrested Friday by FBI agents and is due in federal court in
Cedar Rapids for an initial appearance.
Wasendorf had been hospitalized at University of Iowa
Hospitals and Clinics after attempting suicide outside the company's
headquarters on Monday....
Wait…wait…there’s more at http://abcnews.go.com/US/wireStory/ceo-troubled-iowa-brokerage-arrested-charged-16772853#.UABgNT5YtNt
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