Cedar Rapids Weather
New Bride of Former Peregrine CEO Seeks Annulment
CEDAR FALLS, Iowa (AP) Already facing lawsuits from investors and workers, the head of an Iowa brokerage missing $200 million in customer funds is facing a legal action closer to his heart: his new bride wants an annulment.
The Waterloo-Cedar Falls Courier reports that Nancy Paladino of Lake Zurich, Ill., filed for annulment Aug. 13 from Peregrine Financial Group founder Russ Wasendorf Sr.
The two married in Las Vegas on June 30, before a planned August wedding in Iowa. Days later, Wasendorf attempted to kill himself behind Peregrine headquarters in Cedar Falls. He has been charged with lying to regulators, after allegedly confessing to a 20-year fraud scheme.
Paladino's complaint says the marriage came under "false pretenses" because Wasendorf knew he was about to be arrested and attempt suicide, but didn't tell her.