EMBEZZLEMENT CASE: Wasendorf Sentencing Set

Russell Wasendorf Sr.

The court has set a sentencing date for the former CEO of Peregrine Financial.

Russell Wasendorf, Sr.’s sentencing is January 31st at 9:00 a.m. in Cedar Rapids’ federal courthouse.

Wasendorf is facing up to 50 years in prison for embezzling $200 million in customer funds. He also reported false income statements at Peregrine Financial in Cedar Falls.

Wasendorf remains in prison while awaiting his sentencing hearing.


Related Stories


Follow

Get every new post delivered to your Inbox.

Join 898 other followers