(DES MOINES, Iowa) A Windsor Heights financial advisor has been indicted on seven counts of mail fraud. Fifty-nine-year-old Roger Goodwin owned Goodwin Network Advisors, Inc, also known as Goodwin Network, or "GN of A" and "GNA Corporation."
He sold life insurance, annuities, and similar investment products in Des Moines and Houston, Texas, from 2013 thru 2016. An indictment states Goodwin advised his clients to buy investment products, but instead of purchasing the policies or contracts, he kept their checks, in a bank account only he or his spouse could access.
The indictment alleges Goodwin kept all or large portions of the funds and used the money for unauthorized purposes that were not for the benefit of the affected clients. Goodwin used his clients’ money, unbeknownst to them, for his personal expenses, directly repaying other clients of Goodwin’s, and making payments to the insurance companies for the benefit of other clients.
A trial date has been set for April 2nd in Federal Court in Des Moines.