Failed Brokerage-Charges

  FILE - In this Tuesday, Sept. 8, 2009 file photo, Russ Wasendorf, chairman and chief executive officer of PFGBest, poses for photos in Cedar Falls, Iowa. Prosecutors on Tuesday, Sept. 11, 2012 said Wasendorf, the founder of the Iowa brokerage, has signed a plea agreement with federal prosecutors in which he admits to carrying out a $200 million fraud and embezzlement scheme that bankrupted his company. (AP Photo/Waterloo Courier, Brandon Pollock, File)
FILE - In this Tuesday, Sept. 8, 2009 file photo, Russ Wasendorf, chairman and chief executive officer of PFGBest, poses for photos in Cedar Falls, Iowa. Prosecutors on Tuesday, Sept. 11, 2012 said Wasendorf, the founder of the Iowa brokerage, has signed a plea agreement with federal prosecutors in which he admits to carrying out a $200 million fraud and embezzlement scheme that bankrupted his company. (AP Photo/Waterloo Courier, Brandon Pollock, File)

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