IOWA CITY, Iowa (AP) — The attorney for an Iowa investment broker who pleaded guilty to misusing $200 million in customer funds says her client should be released from jail before sentencing so that he can spend time with his wife and friends before he leaves for prison.
Defense attorney Jane Kelly argued in a court filing late Monday that Peregrine Financial Group CEO Russ Wasendorf Sr. couldn’t flee the country since his homes, cars, passport and other assets have been seized. She said he also wouldn’t want to leave because his family and support system is in Iowa, “and, quite simply, Iowa is his home.”
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