image credit: Unsplash

Former Iowa Insurance Agent Charged with Fraud, Money Laundering

February 22, 2021

A former Iowa insurance agent has been charged money laundering and fraud, among other charges, the Iowa Insurance Division reported.

Michael J. Heiberger, age 52, of Epworth, has been charged with one count of money laundering (C Felony), six counts of fraudulent sales practices (Class D Felony), and nine counts of violating a cease and desist order (Class D Felony), the division said.

The charges against Heiberger stem from an investigation by the division’s Fraud Bureau, which began in 2019.

Read More on Insurance Journal