PFGBest CEO arrested after Iowa brokerage fails
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Posted on 7/13/2012 by Political Blog Editor with 0 comments
Russell Wasendorf Sr., the founder and CEO of failed futures brokerage PFGBest, was arrested on Friday, five days after his suicide attempt brought to light allegations of a massive fraud, authorities said. FBI agents arrested Wasendorf, 64, for making false statements to regulators, according to the agency.
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