76°
Baton Rouge, Louisiana
3 Day Outlook
Wed
94°
73°
0%
Thu
94°
73°
0%
Fri
94°
72°
20%

Latest Weather Blog

Follow our weather team on social media

Paying the Piper

2 years ago January 31, 2013 Jan 31, 2013 Thursday, January 31 2013 Thursday, January 31, 2013 6:21:21 PM CST in News
Source: Associated Press
By: Michael Marsh

The founder of a brokerage house in Iowa got 50-years in federal prison for a scam that bilked 13,000 investors out of $215 million dollars over 20 years. Russ Wasendorf Sr. headed Peregrine Financial Group and caused what a judge called "staggering losses" to investors, employees and creditors. Judge Linda Reade says Wasendorf lacked the courage to stop his scam and fraud sooner and admit his company was a failure from when it started in the '90's.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days