Russell Wasendorf

Earlier this year, small-town treasurer Rita Crundwell was sentenced to nearly 20 years in prison for embezzling $53 million. It was a shocking case, given the size of the theft and the fact that the town, Dixon, Ill., only has 16,000 residents. But according to a stunning new report, embezzlement -- especially ...

By Tom Polansek and Ryan Schlader Peregrine Financial Group's former Chief Executive Russell Wasendorf Sr. pleaded guilty on Monday to embezzling more than $100 million from customers of his futures brokerage, lying to regulators to cover his tracks, and mail fraud. Previously expected to be set free ...