Failed Brokerage Charges

  FILE - This Monday, April 4, 2011 file photo shows Russ Wasendorf, Sr., CEO of Peregrine Financial Group, Inc. in Cedar Rapids, Iowa. Federal prosecutors on Monday, Sept. 17, 2012, appealed a judge's order that would free the disgraced businessman while he awaits sentencing for a $200 million fraud scheme at his Iowa-based brokerage. The judge ruled hours later that Wasendorf would stay behing bars while she considers the appeal. (AP Photo/Waterloo Courier, Rick Chase, File)
FILE - This Monday, April 4, 2011 file photo shows Russ Wasendorf, Sr., CEO of Peregrine Financial Group, Inc. in Cedar Rapids, Iowa. Federal prosecutors on Monday, Sept. 17, 2012, appealed a judge's order that would free the disgraced businessman while he awaits sentencing for a $200 million fraud scheme at his Iowa-based brokerage. The judge ruled hours later that Wasendorf would stay behing bars while she considers the appeal. (AP Photo/Waterloo Courier, Rick Chase, File)

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