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Windsor Heights man faces federal charges for phony life insurance policies

By newadmin / Published on Friday, 09 Feb 2018 06:58 AM / No Comments / 5 views

A Windsor Heights man is accused of selling fraudulent life insurance policies and other investments and using the money for his personal expenses.

Roger Duane Goodwin, 59, was charged with seven counts of mail fraud in federal court on Jan. 23, according to a news release from the office of U.S. Attorney Marc Krickbaum.

Authorities say Goodwin owned and operated “Goodwin Network of Advisors, Inc.,” also referred to as “Goodwin Network,” “GN of A,” and “GNA Corp.,” which sold life insurance, annuities and other investment products to people in the Des Moines and Houston, Texas, areas.

Between at least February 2013 and August 2016, Goodwin advised several clients to buy insurance products from him, according to the release. He then deposited the clients’ checks into a bank account that only he and his spouse could access.

Goodwin kept all or large portions of his clients money, using it for his personal expenses, to repay other clients and to make payments to insurance companies on behalf of other clients whose money Goodwin had previously failed to send to insurance companies, the release states.

Goodwin’s trial date is set for April 2 at the Des Moines Federal Courthouse. Mail fraud is punishable by up to 20 years in prison and a maximum fine of $250,000.

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