Dayton area former investment adviser sentenced to 2 years in prison for social security fraud, giving false statements about theft from local church | USAO-SDOH
Dayton area former investment adviser sentenced to 2 years in prison for social security fraud, giving false statements about theft from local church |  USAO-SDOH

Dayton area former investment adviser sentenced to 2 years in prison for social security fraud, giving false statements about theft from local church | USAO-SDOH

DAYTON, Ohio – Charles Edward Severt, Jr., 52, of Xenia, was sentenced in federal court to 24 months in prison for stealing more than $ 370,000 in invalidity pensions from Social Security and for making false statements related to stealing $ 20,000 from a Xenia -church.

Severt was indicted and arrested in March 2021.

According to court documents, Severt stated in connection with his application for invalidity benefit that he had not worked since 2010 as a result of a shooting. In fact, Severt had been working in the tree pruning industry since at least 2014.

Severt also stated under oath that his license as an investment adviser was suspended for failing to report income from flea markets. Legal documents detail Severt was actually banned for life by the Financial Industry Regulatory Authority for stealing $ 20,000 from a church in Xenia.

As part of his sentence, Severt will pay more than $ 370,000 in damages.

Kenneth L. Parker, U.S. Attorney for the Southern District of Ohio, announced the verdict handed down yesterday by senior U.S. District Judge Walter H. Rice. Special Assistant U.S. Attorney Timothy Landry represents the United States in this case, which was investigated by the Social Security Administration Office of the Inspector General, Chicago Field Division, with assistance from the United States Marshals Service.

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