Article updated: 9/17/2012 4:41 PM

Peregrine CEO pleads guilty to cheating investors

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Russ Wasendorf, Sr., CEO of Peregrine Financial Group, Inc., pleaded guilty Monday to carrying out a 20-year fraud that duped investors and transformed his image from a highly-regarded businessman to one of Iowa's most notorious corporate criminals.

ASSOCIATED PRESS

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Peregrine Financial Group CEO Russ Wasendorf Sr. pleaded guilty Monday to carrying out a 20-year fraud that duped investors and transformed his image from a highly-regarded businessman to one of Iowa's most notorious corporate criminals.