Articles by Ryan J. Foley

Feds Appeal Ruling That Would Free Peregrine CEO

Federal prosecutors have appealed a judge’s order that would free a disgraced U.S. businessman while he awaits sentencing for a $200 million fraud scheme at his brokerage. The U.S. Attorney’s Office in Cedar Rapids filed paperwork asking Chief Judge Linda …

Prosecutor: CEO in Iowa Fraud Case Admits to Fraud

The founder of an Iowa brokerage has signed a plea agreement with federal prosecutors in which he admits to carrying out a $200 million fraud and embezzlement scheme that bankrupted his company and could result in him spending the rest …

Iowa Brokerage Founder Pleads Not Guilty to Fraud

The founder of an Iowa-based brokerage pleaded not guilty on Aug. 17 to fraud charges in a suspected $200 million embezzlement scheme that drove his firm to bankruptcy and left thousands of customers without their money. Peregrine Financial Group Inc. …

Officials Tracking Down Assets of Disgraced Iowa CEO

Officials are moving quickly to seize the wide-ranging personal assets of the disgraced founder of an Iowa brokerage so they can try to reimburse thousands of customers and workers affected by his alleged $200 million fraud. Former workers at Peregrine …

Iowa to Pay $3.75M for Boy’s Injuries

Iowa has agreed to pay $3.75 million to settle a lawsuit that claimed negligence by University of Iowa hospital employees during a birth that caused a baby to have brain injuries that left him severely retarded, newly released records show. …

Trucker Harassment Class-Action Suit Backfires

They were learning to become truck drivers but wound up in a nightmare. In detailed accounts to a federal agency, dozens of female employees of an Iowa-based trucking company, one of the largest in the nation, told of being propositioned, …

Lawsuit Filed in Iowa Over Tainted Sprouts

An Iowa woman sickened by eating tainted sprouts filed a lawsuit against sandwich chain Jimmy John’s, the first stemming from a recent outbreak of a foodborne illness linked to the restaurant. Heather Tuttle, 27, filed the lawsuit Feb. 21 in …

Iowa Judge Orders California Porn Site to Pay $4M In Piracy Case

A judge has ordered the operators of a popular pornographic website to pay $4 million for copyright infringement to an Iowa-based adult film company – a ruling that should serve as a deterrent to others who pirate content online, a …

FEMA Asking for Return of Disaster Aid

After Iowa’s raging Cedar River filled his home with 13 feet of water and ruined most of his possessions, Justin Van Fleet pleaded for help from the Federal Emergency Management Agency to get back on his feet. Dead broke and …