Crime, Justice and Public Safety
Mon August 18, 2014
UNI Seeks to Recover Funds in Investment Fraud
The University of Northern Iowa is going to bankruptcy court to try to get money back from the now defunct Cedar Falls-based investment fund Peregrine Financial group. The firm’s CEO Russell Wasendorf, Sr. is serving a 50-year prison term for defrauding investors of more than 200 million dollars.