As regulators closed in on the fraud, Wasendorf made a botched suicide attempt outside his $24-million headquarters in Cedar Falls, Iowa, which investigators say was financed with money siphoned from customers.
Peregrine Financial, known as PFGBest, quickly collapsed, and 24,000 former customers are still missing most of the money they had invested with the firm.
Wasendorf pleaded guilty in September to embezzling more than $100 million.
U.S. prosecutors say the large loss, the sophisticated nature of the crime, and the sheer number of victims justify Wasendorf spending the rest of his life behind bars.
I guess this guy does not know the right people?