It’s a two-hour drive between Ames and Cedar Rapids, two key Iowa cities for Republican presidential candidates competing in the state that will host the first balloting next year. Ron Paul flew by private jet.
Peregrine Financial Group Inc. Chief Executive Officer Russell Wasendorf Sr. said in a signed statement linked to his suicide attempt that he committed fraud for two decades at his Cedar Falls, Iowa-based company, according to a federal complaint.
Russell Wasendorf Sr., the founder of the bankrupt commodities firm Peregrine Financial Group Inc., was sentenced to 50 years in prison for what prosecutors said was a theft of more than $215 million from customers.
Russell Wasendorf Sr., founder of the bankrupt commodities firm Peregrine Financial Group Inc., will remain in custody after his planned guilty plea to stealing more than $100 million from customers, a federal judge said in postponing another judge’s order.