Former Mercy Co. investment adviser sentenced to 33 months in fe - WFMJ.com News weather sports for Youngstown-Warren Ohio

Former Mercy Co. investment adviser sentenced to 33 months in federal prison

Posted: Updated:
PITTSBURGH -

A former investment adviser from Mercer County pleaded guilty to wire fraud and engaging in transactions involving illegally obtained property charges on Wednesday. 

48-year-old Jeffrey Lewis of Transfer was sentenced to 33 months in prison followed by a three year supervised release with a restitution of $455,000.

The government said Lewis was a licensed investment advisor from 2004 to 2009, but created a fictitious company in 2015 called Lewis Investments that he used to cheat investors. 

According to the bill that outlined the government's case, Lewis convinced one of his former clients to let Lewis handle his investments. 

Lewis helped the client open accounts with TD Ameritrade, then transferred $230,000 from the TD Ameritrade account to his personal account to use on personal spending, gambling and the purchase of a new Hummer. 

  • More From wfmj.comHot ClicksMore>>

  • Calls for new regulation mount as limo crash victims mourned

    Calls for new regulation mount as limo crash victims mourned

    Monday, October 15 2018 5:35 AM EDT2018-10-15 09:35:50 GMT
    (AP Photo/Hans Pennink). Members of the National Transportation Safety Board work at the scene of yesterday's fatal crash, in Schoharie, N.Y., Sunday, Oct. 7, 2018.(AP Photo/Hans Pennink). Members of the National Transportation Safety Board work at the scene of yesterday's fatal crash, in Schoharie, N.Y., Sunday, Oct. 7, 2018.
    U.S. Sen. Chuck Schumer says there are glaring gaps in safety data about limousines because federal officials haven't done enough to investigate limo wrecks.More >>
    U.S. Sen. Chuck Schumer says there are glaring gaps in safety data about limousines because federal officials haven't done enough to investigate limo wrecks.More >>
  • Heavy snow blankets Colorado, Wyoming in early season storm

    Heavy snow blankets Colorado, Wyoming in early season storm

    Monday, October 15 2018 5:09 AM EDT2018-10-15 09:09:05 GMT
    (Andy Cross/The Denver Post via AP). Carter Sheldon, 8, left, and his brother Conor Sheldon, 3, play in the snow out in front of the Broncos Stadium at Mile High before the Denver Broncos played the Los Angeles Rams on Sunday, Oct. 14, 2018. Colorado a...(Andy Cross/The Denver Post via AP). Carter Sheldon, 8, left, and his brother Conor Sheldon, 3, play in the snow out in front of the Broncos Stadium at Mile High before the Denver Broncos played the Los Angeles Rams on Sunday, Oct. 14, 2018. Colorado a...
    Residents in Colorado and Wyoming woke up Sunday to find that an early season snowstorm blanketed their homes and roadways with up to a foot of snow and sent temperatures plunging as much as 40 degrees overnight.More >>
    Residents in Colorado and Wyoming woke up Sunday to find that an early season snowstorm blanketed their homes and roadways with up to a foot of snow and sent temperatures plunging as much as 40 degrees overnight.More >>
  • 4 men killed in shooting at child's birthday party in Texas

    4 men killed in shooting at child's birthday party in Texas

    Monday, October 15 2018 12:45 AM EDT2018-10-15 04:45:55 GMT
    The Texas Department of Public Safety says the shooting happened shortly after 5 p.m. Saturday in Taft.The Texas Department of Public Safety says the shooting happened shortly after 5 p.m. Saturday in Taft.
    Investigators say a party in South Texas to mark a toddler's first birthday erupted in gunfire, leaving four men dead and a fifth man wounded.More >>
    Investigators say a party in South Texas to mark a toddler's first birthday erupted in gunfire, leaving four men dead and a fifth man wounded.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms