September 19, 2012
US Bank is rejecting allegations in a lawsuit that claims one of its employees helped Peregrine Financial Group CEO Russ Wasendorf Sr. mislead regulators about his misuse of customer funds. Wasendorf, the founder of the Iowa brokerage, has signed a …
September 18, 2012
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 …
September 13, 2012
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 …
August 20, 2012
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. …
July 20, 2012
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 …
July 19, 2012
A state official says that up to 250 employees in northeastern Iowa lost their jobs following the collapse of a financial empire owned by a businessman arrested in connection with a $200 million fraud scheme. Iowa Workforce Development spokeswoman Kerry …