Former Waterloo insurance agent pleads guilty to wire fraud - KWWL - Eastern Iowa Breaking News, Weather, Closings

Former Waterloo insurance agent pleads guilty to wire fraud

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WATERLOO (KWWL)-- A former Waterloo insurance agent has pleaded guilty to federal charges.

50-year-old Jack Straw is accused of siphoning more than $1 million from clients.

Monday, he pleaded guilty to four counts of wire fraud and one count of mail fraud, possession a forged security and money laundering.

Prosecutors accused Straw of withdrawing clients' funds, forging signatures on documents and selling land in South Dakota that belonged to a client.

A sentencing date has not be scheduled.

 

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