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Monday, April 15, 2024

FBI Hunts Iowa Advisor Charged With $1.5M Fraud


The Federal Bureau of Investigation is trying to find an Iowa monetary advisor accused of cash laundering and wire fraud.

William Jack Berg, 51, allegedly defrauded greater than a dozen consumer buyers in a scheme that triggered them to lose over $1.5 million, in line with the FBI, which lists him on its Most Needed web page for white-collar crimes.

“It’s alleged that sufferer buyers supplied Berg, a monetary advisor in Waukee, Iowa, with funds for funding. Nonetheless, relatively than investing, Berg allegedly used the funds for his private profit,” the FBI’s needed poster states.

On March 19, a federal arrest warrant was issued for Berg within the U.S. District Court docket for the Southern District of Iowa in Des Moines after he was charged with wire fraud and cash laundering, the poster says.

The FBI Most Needed account on X, previously Twitter, posted Berg’s picture and data on Sunday.

His final identified residences embrace Waukee and Adel, Iowa.

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