Futures Executive Sentenced to 50 Years in Jail for Fraud

Russell Wasendorf Sr., who admitted looting more than $100 million from broker Peregrine Financial Group in a scheme that shook confidence in the U.S. futures industry, was sentenced to 50 years behind bars on Thursday. Wasendorf was ordered to pay $215.5 million in restitution. Supporters of the…

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Futures Executive Sentenced to 50 Years in Jail for Fraud

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