Russell Wasendorf en Wasendorf's auditor barred from practice <p>The federal commission that regulates the U.S. futures trading industry has permanently barred the accountant who audited Russell Wasendorf’s Peregrine Financial Group in Cedar Falls and did not discover his fraud scheme. Iowa Public Radio’s Durrie Bouscaren reports.</p> Mon, 26 Aug 2013 21:28:37 +0000 Durrie Bouscaren 28090 at Wasendorf's auditor barred from practice Monetary Fraud & Science Books <p>Last July the president of Peregrine Financial Group, Russell Wasendorf Sr., admitted to stealing millions of dollars from his firm. On the first half of today's River to River, host Ben Kieffer talks about the <a href="" target="_blank">Wasendorf case</a> and discovers the personal, financial, and societal impact of this type of monetary fraud. Fri, 01 Feb 2013 18:40:59 +0000 Ben Kieffer 14348 at Monetary Fraud & Science Books Former CEO Wasendorf sentenced to 50 years <div>A&nbsp;&nbsp;federal judge has sentenced 64- year- old Russell&nbsp; Wasendorf, Sr. to 50 years in prison.&nbsp; Last July, following an attempted suicide, Wasendorf&nbsp; admitted to stealing more than 215 million dollars in customer funds from his Cedar Falls brokerage firm Peregrine Financial Group.</div><p></p><p>In a plea agreement in September, he pleaded guilty to charges of mail fraud, embezzlement and making false statements. 50 years is the maximum punishment for those offenses. There is no parole in the federal court system. He was sentenced by Chief Judge Linda Reade.</p> Thu, 31 Jan 2013 23:10:06 +0000 Pat Blank 14323 at Former CEO Wasendorf sentenced to 50 years