The Federal Bureau of Investigation (FBI) is searching for a Dallas County man who allegedly used clients’ money for personal expenses.

A press release from Iowa Insurance Division states that William Jack Berg apparently stole money from over a dozen client investors resulting in a loss of $1.5 million. The document says that Berg is a financial advisor from Waukee, and also occupied a residence in Adel. 

Berg was reported to be spending client’s funds for his personal benefit instead of investing it properly. The division details that an arrest warrant was issued on March 19th. The public is encouraged to contact the FBI’s Omaha Field Office at (402)-493-8688 for any further information on Berg.