Read the story here, here, here and here.
Read the criminal complaint here.
Update (1/13/13): Wasendorf was sentenced to 50 years in prison and ordered to pay $215.5 million in restitution.
FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.