Reuters: Bankruptcy News: PFGBest CEO arrested after Iowa brokerage fails

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PFGBest CEO arrested after Iowa brokerage fails Jul 13th 2012, 17:54 CHICAGO, July 13 | Fri Jul 13, 2012 1:54pm EDT CHICAGO, July 13 (Reuters) - Russell Wasendorf Sr., the founder and CEO of failed futures brokerage PFGBest, was arrested on Friday, five days after his suicide attempt brought to light allegations of a massive fraud, authorities said. Wasendorf, 64, was charged with making false statements to regulators, according to the FBI.

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