“(AP) CEDAR RAPIDS, Iowa – The founder an Iowa-based brokerage is expected to appear in court to face charges stemming from a suspected $200 million fraud scheme that drove his firm to bankruptcy and ripped off thousands of customers.
Peregrine Financial Group, Inc. CEO Russ Wasendorf Sr. is scheduled to be arraigned Friday in federal court in Cedar Rapids on an indictment that charges him with 31 counts of lying to regulators.”
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