Iowa advisor schemed to defraud clients, making FBI Most Wanted list
April 16, 2024 by John Hilton
An advisor wanted for allegedly ripping off clients for $1.5 million was captured by the FBI last week after a short time on the run.
William Jack Berg, 51, is charged with money laundering and several counts of wire fraud, according to an indictment filed in U.S. District Court for the Southern District of Iowa.
Berg sold life insurance, annuities, and similar products and also acted as a financial advisor, the indictment says.
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