Russell Wasendorf Sr., who admitted looting more than $100 million from futures broker Peregrine Financial, expects to die behind bars even if a judge imposes a lenient sentence at a hearing today.

“He has been ready, since he confessed, to get to where he is going to spend the rest of his life,” said Iowa pastor Linda Livingston, one of Wasendorf’s few regular visitors.

Prosecutors say the amount Wasendorf stole was closer to $215 million and have asked a federal court in Iowa to sentence the 64-year-old to 50 years in prison for the scam.

Russell Wasendorf Jr., Wasendorf’s son and the president of Peregrine, said his life has been destroyed by his father’s crimes. On the edge of bankruptcy, he has moved his family to Florida from Iowa. He denies knowing about the fraud.