January 5, 2013
People line up to get registered before the auction of personal and corporate property belonging to Russ Wasendorf Sr. at Peregrine Financial Group inc. headquarters, Wednesday, Dec. 5, 2012, in Cedar Falls, Iowa.
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Russ Wasendorf Sr. duped customers, regulators and his colleagues as he pulled off a 20-year, $100 million fraud at his Iowa-based brokerage. The state's tax collectors say he and his ex-wife also duped them, and that the former couple owes Iowa more than $14.1 million in unpaid taxes, interest and penalties.