68°
Baton Rouge, Louisiana
3 Day Outlook
Sun
82°
61°
10%
Mon
82°
61°
50%
Tue
82°
63°
50%
TrueView© Local Radar

Latest Weather Blog

Follow our weather team on social media

Paying the Piper

2 years ago Thursday, January 31, 2013 5:21:21 PM CST January 31, 2013 Thursday, January 31 2013 Jan 31, 2013 in News
Source: Associated Press

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.
5 Days
Radar
Today
Sunny
74°
54°
Sun
Partly Cloudy
82°
61°
Mon
PM T-Storms
82°
61°
Tue
Scattered T-Storms
82°
63°
Wed
PM Showers
76°
64°