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Former Iowa securities agent faces theft charges

A former Iowa securities agent has been extradited from Texas to face charges of stealing investment money.

The Iowa attorney general's office said Monday that 55-year-old David William Johnson, of Keller, Texas, faces four counts of felony first-degree theft and one count of felony ongoing criminal conduct.  An arrest warrant was issued July 3 and he arrived in Iowa on Sunday.

Johnson is accused of misappropriating investment funds belonging to four Iowa residents.  Documents say he engaged in theft for financial gain on a continuing basis, and each person lost more than $10,000.

Johnson is being held on a $500,000 cash-only bond.

posted : July, 28th by KXEL

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