HOSPITALIZED. A FEDERAL GRAND JURY INDICTED A CLIVE MAN ON MAIL AND WIRE FRAUD CHARGES. PROSECUTORS SAY THAT 46 YEAR OLD ZACHARY JAMES FLANNERY DEFRAUDED ELDERLY INDIVIDUALS OUT OF THEIR RETIREMENT SAVINGS. THAT MAN WORKED FOR AN INSURANCE AGENT AND ALSO AN UNIT SALESPERSON. THE INDICTMENT ALLEGES THAT 12 PEOPLE IN IO
Investigators: Iowa man used his position as an insurance agent to defraud the elderly
Updated: 12:55 PM CDT Apr 24, 2023
An Iowa man is facing numerous charges after investigators say he used his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies.Forty-six-year-old Zachary James Flaherty, of Clive, was indicted by a federal grand jury on April 19.He faces 17 counts of mail and wire fraud, one count of conspiracy to commit mail and wire fraud and two counts of money laundering over $10,000.The indictment alleges that Flaherty’s conduct affected 12 victims in Iowa and Nebraska. Those victims lost over $900,000 in charges, taxes and fees in relation to their annuities.If convicted, Flaherty faces a maximum penalty of 20 years in prison on each count.
An Iowa man is facing numerous charges after investigators say he used his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies.
Forty-six-year-old Zachary James Flaherty, of Clive, was indicted by a federal grand jury on April 19.
He faces 17 counts of mail and wire fraud, one count of conspiracy to commit mail and wire fraud and two counts of money laundering over $10,000.
The indictment alleges that Flaherty’s conduct affected 12 victims in Iowa and Nebraska. Those victims lost over $900,000 in charges, taxes and fees in relation to their annuities.
If convicted, Flaherty faces a maximum penalty of 20 years in prison on each count.
