Wasendorf again seeks release: 'Iowa is his home'

The attorney for an Iowa businessman convicted of misusing $200 million in customer funds says her client should be released from jail before sentencing so he can spend time with his wife and friends.

US Bank: Lawsuit in fraud scandal 'without merit'

US Bank is rejecting allegations in a lawsuit that claims one of its employees helped Peregrine Financial Group CEO Russ Wasendorf Sr. mislead regulators about his misuse of customer funds.

Feds mull appeal of CEO's release in fraud case

Prosecutors continue to consider whether to appeal a judge's order that would free disgraced Iowa businessman Russ Wasendorf Sr. from jail before sentencing.

Plea deal: CEO cannot profit from story of fraud

If he ever writes a book about his stunning 20-year fraud scheme, Peregrine Financial Group CEO Russ Wasendorf Sr. must give the profits to the federal government that he duped for so long.

Prosecutor: CEO in Iowa fraud case admits to fraud

The founder of an Iowa brokerage has signed a plea agreement with federal prosecutors in which he admits to carrying out a $200 million fraud and embezzlement scheme that bankrupted his company.

Lawyer: Son of CEO not a target in brokerage fraud

A lawyer for Peregrine Financial Group President Russ Wasendorf Jr. says his client does not expect to be charged in connection with the alleged fraud scheme that his father carried out at the Iowa-based brokerage.