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Wasendorf's Ex-wife May Pay in Settlement Deal
CEDAR FALLS, Iowa (AP) -- The ex-wife of a former Iowa investment broker convicted of fraud could pay back more than $2 million under a proposed settlement deal.
The Des Moines Register reports Connie Wasendorf, ex-wife of Russell Wasendorf, would pay $2.85 million under a settlement motion that still needs to be approved by a judge.
The settlement is part of attorneys' efforts to retrieve some of the $200 million in investor funds that Russell Wasendorf was accused of misspending over a 20-year period through his former Cedar Falls company.
Wasendorf is currently serving a 50-year federal prison term in Indiana for various charges, including embezzlement of customer funds and mail fraud.
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