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Wasendorf Fraud #1025910

CBS Evening News for Friday, Jul 13, 2012
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(Studio: Anthony Mason) The arrest of Russell Wasendorf†, CEO of the Iowa brokerage firm PFGBEST, after the discovery that 200 million dollars of customer money is missing featured; details given about Wasendorf’s attempted suicide and his note admitting to fraud and forgery. [Earlier, WASENDORF – talks about moving his firm to Cedar Falls.] [Former federal regulator Michael GREENBERGER††- says with proper auditing this should have been caught.]
Reporter(s):
Mason, Anthony
Duration:
00:02:00

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