Russ Wasendorf Sr., the founder of an Iowa brokerage firm, is expected to plead guilty to embezzlement charges Monday. Wasendorf, of Peregrine Financial Group, has signed a plea agreement with federal prosecutors admitting to bilking 24,000 investors out of at least $100 million.
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Source: http://www.npr.org/2012/09/17/161253859/bernie-madoff-of-the-midwest-to-plead-guilty?ft=1&f=1070
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