CEO tries to commit suicide, fails, then is arrested for admitting he’s a goniff in his suicide note.
Reuters: FBI agents arrested Russell Wasendorf Sr., 64, at the Iowa City hospital where he has been since trying to commit suicide on Monday. He was charged with making false statements to regulators, but prosecutors said they would seek more charges. He faces “decades in prison”, Assistant U.S. Attorney Peter Deegan said.
In the signed statement, left along with a suicide note and released as part of the criminal complaint, Wasendorf said he began forging bank documents after the business he built from his basement risked failing without additional capital. The timeline suggests his deceit lasted almost the entire life of his brokerage.