Financial adviser in Ohio charged with stealing over $500K

COLUMBUS, Ohio (AP) — A financial adviser accused of stealing a more than a half-million dollars from an 81-year-old client’s account has been indicted in central Ohio on felony charges.

A Franklin County grand jury on Monday indicted 62-year-old Jon Bret Schmidhammer, of the Columbus suburb of Dublin, on one count of theft from a person in a protected class and one count of unlawful securities practices. Court records don’t list an attorney for Schmidhammer and no phone listing for him could be found.

County Prosecutor Ron O’Brien says Schmidhammer was financial adviser to the woman. O’Brien says Schmidhammer allegedly transferred more than $500,000 from the woman’s investment accounts to her bank accounts from January 2014 to July 2016 and wrote checks to himself or paid personal bills with those funds.