Russ Wasendorf Sr. accused of cheating on taxes - KWWL - Eastern Iowa Breaking News, Weather, Closings

Russ Wasendorf Sr. accused of cheating on taxes

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DES MOINES (KWWL) -

In addition to misusing $100 million that belonged to PFG investors, former PFG CEO Russ Wasendorf Senior may have also cheated the State of Iowa.

Court records show the Iowa Department of Revenue has accused Russ Wasendorf Senior and his former wife of underreporting their income and dodging millions in taxes.

Records show the department filed an assessment in November against Russ and Connie Wasendorf seeking $14.1 million dollars in unpaid taxes and penalties.

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