A former Marshalltown, Iowa insurance agent has been indicted on federal mail fraud charges after being accused of defrauding customers for nearly a decade.
The Marshalltown Times-Republican reported that 65-year-old William Arthur Thiede was charged with five counts of mail fraud in the indictment handed down last week.
Authorities say Thiede took nearly $168,000 in payments people made on phony insurance policies from January 2002 until he left American Family Insurance in September 2010.
Thiede is a former president of the Marshalltown Area Chamber of Commerce.
A Marshalltown phone listing for Thiede was disconnected Tuesday.
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