Des Moines, Iowa – Officials with the Iowa Insurance Division report a Clive man, 47-year-old Zachary James Flaherty, has pled guilty in federal court to wire fraud.  Flaherty used his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies.   The charges against Flaherty stem from an investigation by the Iowa Insurance Division’s Fraud Bureau. He was prosecuted by the Southern District United States Attorney.

Flaherty is scheduled to be sentenced on April 12, 2024. He faces a potential sentence of up to twenty years in prison.  More information about the case can be found in the press release issued by the U.S. Attorney’s Office of the Southern District of Iowa.

Iowans with information about insurance fraud are encouraged to contact the Iowa Insurance Division’s Fraud Bureau at 515-654-6556.