FILE - In this Tuesday, Sept. 8, 2009 file photo, Russ Wasendorf, chairman and chief executive officer of PFGBest poses at the new building nearing completion in Cedar Falls, Iowa. A complaint filed ... more 
FILE - In this Tuesday, Sept. 8, 2009 file photo, Russ Wasendorf, chairman and chief executive officer of PFGBest poses at the new building nearing completion in Cedar Falls, Iowa. A complaint filed Friday, July 13, 2012 in U.S. District Court in Cedar Rapids says Wasendorf, Sr., 64, made false statements to the U.S. Commodity Futures Trading Commission about the value of customer funds held by his company, Peregrine Financial Group, Inc. A press release from the U.S. Attorney's Office says Wasendorf was arrested Friday by FBI agents and is due in federal court in Cedar Rapids for an initial appearance. (AP Photo/Waterloo Courier, Brandon Pollock) less 
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Associated Press | Photo By Waterloo Courier, Brandon Pollock
Fri, Jul 13, 2012 3:14 PM EDT