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Wasendorf Sentencing

Asst. United States Attorney Matt Cole speaks to the media during a press conference to discuss the sentencing of Peregrine Financial Group owner and CEO Russell R. Wasendorf, Sr at the US District Courthouse in Cedar Rapids on Thursday, January 31, 2013. Wasendorf received the maximum sentence of 50 years after pleading guilty to one count each of mail fraud, embezzlement of customer funds by a person registered under the Commodity Exchange Act , making false statements to the Commodity Futures Trading Commission and making false statements to a futures association registered under the Commodities Exchange Act. (Cliff Jette/The Gazette-KCRG TV9)

Credit: THE GAZETTE