Former Insurance Agent Facing Federal Fraud Charges
A former Marshalltown insurance agent has been indicted on federal mail fraud charges after being accused of defrauding customers for nearly a decade. 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.