Dallas County man sought in alleged $1.5 million wire fraud scheme targeting Waukee investors

The FBI and Iowa Department of Insurance & Financial Services Fraud Bureau are seeking a Dallas County man charged with alleged wire fraud and money laundering.

The U.S. District Court for the Southern District of Iowa has issued an arrest warrant for William Jack Berg, 51, who goes by Bill Berg. On its website, the FBI says Berg, a financial adviser in Waukee who also has an address in Adel, allegedly defrauded more than a dozen clients in a scheme that cost them more than $1.5 million, using the money for his personal benefit.

Anyone with information concerning Berg, 51, is asked to contact the FBI's Omaha,, Nebraska, field office at 402-493-8688, their local FBI office or the nearest U.S. embassy or consulate, or submit information online at tips.fbi.gov.

Iowans are urged to double-check investment offers with the Iowa Department of Insurance & Financial Services to verify whether an adviser is licensed and the offer is legitimate.