Texas man charged in Humboldt County
The Iowa Attorney General’s Office announced Monday that it has charged a former Iowa securities agent now living in Texas with the theft of investment money from four Iowa residents.
The Area Prosecutions Division of the Iowa Department of Justice has charged David William Johnson, 55, Keller, TX, with four counts of first degree theft and one count of ongoing criminal conduct.
According to complaints and affidavits filed in Humboldt County District Court, Johnson allegedly misappropriated investment funds belonging to residents in Algona, Pocahontas, Coon Rapids and Fort Dodge. Each of the losses allegedly exceeds $10,000. Johnson also engaged in theft for financial gain on a continuing basis, according to charging documents.
Johnson is being held in the Humboldt County Jail on a $500,000 cash-only bond.