U.S. Government Seeks Life In Prison For Fraud By Peregrine CEO Russell Wasendorf

U.S. Government Seeks Life In Prison For Fraud By Peregrine CEO Russell Wasendorf

CEDAR RAPIDS, Iowa - The U.S. government, which sued Peregrine Financial Group Inc. CEO Russell R. Wasendorf Sr. alleging securities fraud related to Peregrine's Chapter 7 bankruptcy filing, on Jan. 22 filed a memo in federal court calling for Wasendorf to be sentenced to life in prison (United States of America v. Russell R. Wasendorf Sr., No. 12-2021, N.D. Iowa).

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