3:38 pm
Thu July 26, 2012

Wasendorf Waits

Russell Wasendorf Sr. outside his now closed 18 million dollar office building in rural Cedar Falls
Waterloo Courier

Russell Wasendorf had hoped tomorrow would be the day he’d be released on bail...

But the hearing's been postponed, so the former head of Peregrine Financial Group remains in jail…

and the business empire he built,  first in Chicago and then later in Iowa,  continues to crumble. 

His once fairy tale like existence came to an abrupt end earlier this month.

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