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Russell Wasendorf Sr., who admitted looting more than $100 million from broker Peregrine Financial Group in a scheme that shook confidence in the U.S. futures industry, was sentenced to 50 years.
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DES MOINES, Iowa-- Iowa has been awarded $1.1 million as part of a national settlement involving improper foreclosure conduct by a mortgage processing company. Attorney General Tom Miller announced Thursday that Iowa is one of dozens of states that will receive some of the $121 million settlement from Lender Processing Services and its subsidiaries.
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DES MOINES, Iowa-- Financial services company Principal Financial Group Inc. said Thursday that its fourth-quarter profit jumped by 47 percent, helped by losses on commercial mortgage investments winding down. The company, based in Des Moines, Iowa, said net income grew to $218.6 million, from $148.5 million a year ago.
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CEDAR RAPIDS, Iowa, Jan 31- A U.S. judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.
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CEDAR RAPIDS, Iowa, Jan 31- A U.S. judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.
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Russell Wasendorf Sr., who admitted looting more than $100 million from broker Peregrine Financial Group in a scheme that shook confidence in the U.S. futures industry, was sentenced to 50 years.
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CEDAR RAPIDS, Iowa, Jan 31- Russell Wasendorf Sr., who admitted looting more than $100 million from broker Peregrine Financial Group in a scheme that shook confidence in the U.S. futures industry, was sentenced to 50 years behind bars on Thursday.
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CEDAR RAPIDS, Iowa, Jan 31- Russell Wasendorf Sr., who admitted looting more than $100 million from broker Peregrine Financial Group in a scheme that shook confidence in the U.S. futures industry, was sentenced to 50 years behind bars on Thursday. Wasendorf was ordered to pay $215.5 million in restitution.
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CEDAR RAPIDS, Iowa, Jan 31- U.S. prosecutors argued Thursday that Peregrine Financial Group's former chief executive Russell Wasendorf Sr. should stay behind bars for 50 years for looting more than $215 million from former clients of the failed futures brokerage.
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CHICAGO, Jan 30- Russell Wasendorf Sr., who admitted looting more than $100 million from futures broker Peregrine Financial Group, expects to die behind bars even if a judge ignores prosecutors and imposes a lenient sentence at a hearing on Thursday.
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The message from sheriffs and police chiefs gathered at the White House reflected the political reality in Congress that the assault weapons ban in particular is likely to have a hard time winning broad support. The president appeared to recognize the challenge of getting everything he wants from Congress as well, participants in the meeting said.
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The proposed rules, drafted by the IRS, are an attempt to clarify for whistleblowers and their lawyers as well as IRS staff and the public how rewards will be paid to informants and other general rules such as how to submit information. The IRS whistleblower program gathers information from people who want to alert the agency to possible wrongdoing.
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Local, state and federal health and regulatory officials said the likely cause of the Salmonella Typhimurium outbreak was Jouni Meats Inc and Gab Halal Foods, both of Michigan. Last week Jouni Meats recalled approximately 500 pounds of ground beef and Gab Halal Foods recalled about 550 pounds of ground beef, the CDC said.
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Local, state and federal health and regulatory officials said the likely cause of the Salmonella Typhimurium outbreak was Michigan- based Jouni Meats Inc, of Sterling Heights, and Gab Halal Foods, of Troy, Michigan.
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In a letter dated Jan. 25, the Iowa Republican demanded a briefing and internal documents from Commodity Futures Trading Commission Inspector General A. Roy Lavik.
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Russell Wasendorf Sr, the former CEO, has pleaded guilty to embezzlement and is in an Iowa jail awaiting sentencing this Thursday. The lawsuit by Peregrine Financial trustee Ira Bodenstein alleges yet another use for the stolen funds: to cut free from his 24- year marriage to Connie Wasendorf.
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Dee said there would be some light rain in the eastern portions of Kansas, Oklahoma and Texas late Monday and Tuesday, with heavier rainfall seen for the eastern and southeastern Midwest late Tuesday and Wednesday.
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Senator Tom Harkin, the Democrat from Iowa who championed landmark legislation banning discrimination against people with disabilities, said Saturday that he would retire and not seek re-election next year.
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WASHINGTON, Jan 24- Four Republican farm state U.S. senators on Thursday expressed concern that possible free trade talks between the United States and European Union may not dismantle longstanding EU barriers to U.S. pork, beef, poultry and other farm products.
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*In recent private practice, White represented Wall Street. WASHINGTON, Jan 24- The White House on Thursday nominated former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, selecting a hard-nosed enforcer who also has experience defending Wall Street figures.
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*WellPoint expects significant Medicaid growth in 2014. Jan 23- A top U.S. insurance industry executive on Wednesday predicted that most states will agree to expand their Medicaid programs under President Barack Obama's healthcare reform law, despite opposition from more than a dozen Republican governors.