admin Updated: 1 January 2013 | 10:31 am in Top 10 stories of 2012 -- Staff picks

#7 staff story of 2012: Wasendorf and Peregrine Financial

Company founder charged with making false statements in $200 million fraud scheme


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Russ Wasendorf

Russ Wasendorf, CEO and sole shareholder of PFGBest, is seen at the brokerage's headquarters in Cedar Falls. (MATTHEW PUTNEY/Courier Photo Editor)

Russell Wasendorf Sr., former CEO and President of Peregrine Financial Group, was charged with making false statements regarding a $200 million fraud scheme as the company collapsed.

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