Stealing hundreds of millions of dollars in rich often financial group, this is his establishment of the former CEO Russell Wasendorf old fifty years in prison.
In sentencing hearing, the judge said, Wasendorf customers may never recover they lost money.
The 64 - year - old Wasendorf, tried to commit suicide fraud before the last year, the New York times. He received the most words, may be useful for his crimes.
With him in prison, CEO also have to pay $215500000 damages the project lasted for nearly twenty years.
Wasendorf and his fraud caused rich often failed financial group. Fraud also shocked the confidence of investor, the United States futures. After that, he was sentenced to fifty years in prison, the former chief executive said:
"I'm sorry, I rich often financial group of investors and employees cause financial and emotional hurt. I think I totally worth me any 1. My guilt is like this, I will accept the words."
"Chicago BBS newspaper" points out, Wasendorf admitted to stealing the dozens of client, after a period of nearly twenty years. He also fake bank statements and federal regulators, staff, and his closest family lied.
In September former CEO admit control crime, said he secretly converted the more than $100 million in the planning process. The United States attorney, Sean berry said:
"A long prison today was sentenced to punishment is fair punish cheaters, who set up a business in."
The rich often financial collapse, more than 24000 customers, in the securities investment money, most of them did not leave.
Do you think, the former chief executive Russell Wasendorf worth fifty years in prison for his crime?
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