Tuesday, March 21, 2017

Dublin Financial Advisor Pleads Guilty To Bilking Elderly Client

A Dublin financial advisor has pleaded guilty to defrauding an elderly client.  Jon Schmidhammer pleaded guilty to unlawful securities practices.

Franklin County prosecutors say Schmidhammer stole 550 thousand dollars from an 81-year-old woman's bank account. Prosecutors say he did so by transferring the money from her investment accounts to her bank accounts and writing checks to himself or paying personal bills with the funds.

Full Article & Source:
Dublin Financial Advisor Pleads Guilty To Bilking Elderly Client

1 comment:

F. Simms said...

I wonder what his sentence will be if any. $550,000 is a lot of money to have to pay back and the judge will be cognizant that Schmidhammer can't pay it back if he's in jail. I hope you will keep us informed on this story NASGA.