DES MOINES, Iowa — [KCCI] A Waukee man accused in a wire fraud and money laundering scheme is now in custody. The FBI had been looking for 51-year-old William Jack Berg, since late March. Investigators say he used his position as a financial adviser to defraud more than a dozen clients, using more than $1.5 million of his clients’ money for his own personal benefit.

The FBI received a tip on Berg’s location and he was arrested without incident by the Shawnee, Kansas, Police Department on April 4.

Original post on March 30th:

OMAHA, Neb.  – The Federal Bureau of Investigation’s Omaha field office is seeking the public’s help in locating an Iowa man wanted for alleged money laundering and wire fraud. The office says William Jack “Bill” Berg, 51, is wanted for allegedly defrauding over a dozen client investors in a scheme that resulted in the loss of over $1.5 million. It’s alleged that the victim investors provided Berg, a financial advisor in the Des Moines metro area, with funds for investment — only for Berg to use those funds for his own benefit. A federal arrest warrant was issued for Berg on March 19. He most recently lived in the Waukee and Adel areas and is suspected to have been in the Des Moines area as recently as Monday (March 25th).

William Jack Berg, (AKA Bill Berg) – FBI Photo

Berg is described as 5′11″, 195 pounds, with brown hair and blue eyes.

Anyone with information is asked to call the FBI’s Omaha field office at (402) 493-8688.