Waterloo insurance agent facing fraud charges - KWWL - Eastern Iowa Breaking News, Weather, Closings

Waterloo insurance agent facing fraud charges

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CEDAR RAPIDS, Iowa (AP) -- A Waterloo man faces federal wire fraud, mail fraud and money laundering charges after allegedly defrauding several annuity and insurance clients.

The charges against Jack Straw were outlined in a seven-count filing in U.S. District Court in Cedar Rapids on Tuesday.

According to the filing, Straw executed several schemes, defrauding clients out of more than $1 million. He faces up to 120 years in prison and more than $1.75 million in fines.

Straw is scheduled to appear in court on Dec. 8.

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