Sunday, January 19, 2014

Ohio Man Sentenced For Embezzling $442K From Financial Clients

From the Canton Rep on 1/17/14:

A former financial adviser from Jackson Township was sentenced to more than three years in prison for embezzling $442,072 from four clients.
David L. Cheviron, 61, was sentenced Friday to 38 months in prison by Judge Donald C. Nugent in U.S. District Court in Cleveland.
The judge also ordered Cheviron to pay $442,072 to the victims and $85,616 to the Internal Revenue Service, according to a news release from Steven M. Dettelbach, U. S. Attorney for the Northern District of Ohio.
Cheviron was a financial consultant at FirstMerit Bank, Huntington Bank, and JP Morgan Chase Bank between 2006 and 2010, during which time he embezzled the money from clients for his own use and defrauded the banks, according to a news release.

Read the whole story here.

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