"Another one bites the dust." Investment banker attempts suicide after $200M missingSubmitted by Bob-45 on Tue, 07/10/2012 - 12:20
NEW DETAILS: More than $200 million reported missing from Cedar Falls company
By JEFF REINITZ
Posted: Tuesday, July 10, 2012 7:45 am
CEDAR FALLS, Iowa --- In a stunning turn of events in one day, the future of a Cedar Falls-based international brokerage firm hangs in the balance as regulatory and government officials moved in to investigate possible financial wrongdoing in light of the attempted suicide of company founder and CEO Russ Wasendorf Sr. Monday.
Wasendorf, founder and CEO of PFGBest, the international brokerage firm he wholly owns, reportedly attempted to commit suicide outside the corporate headquarters north of Cedar Falls, company officials confirmed Monday afternoon. Employees found him shortly after 8 a.m. and called 911.
He was taken to Sartori Memorial Hospital, then later was airlifted to University of Iowa Hospitals and Clinics, where he was in critical condition Monday afternoon. An updated condition report was not immediately availab