Millions Of Dollars Missing

Millions missing and broker will learn his fate.

A federal judge will sentence the founder of a Cedar Falls brokerage today after he pleaded guilty to fraud and embezzlement. Prosecutors are asking for a 50-year sentence for Peregrine Financial Group chairman Russ Wasendorf Senior.

The 64-year-old attempted suicide outside the company's headquarters last summer shortly before regulators learned that $200 million was missing.

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