Former FBI ‘Most Wanted’ Advisor Pleads Guilty to Fraud, Money Laundering
June 26, 2024 by Dinah Wisenberg Brin
A former financial advisor in Iowa who appeared on the Federal Bureau of Investigation’s “most wanted” list has pleaded guilty to wire fraud and money laundering charges.
William Jack Berg, 51, who was arrested in April, pleaded guilty on June 10 in connection to defrauding over a dozen people by encouraging them to transfer their funds to him for investment, according to prosecutors.
Click HERE to read the full story via Think Advisor
Wink’s Moore on the Market:
Cases like this further the need for a BrokerCheck-type system for insurance agents…
Here’s more on that agent behaving badly, in my back yard. -sjm