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Indiana Investment Scams Land Terre Haute Man in Jail

Jason Severs, 37, has been charged with at least 95 counts of theft and fraud for Indiana investment scams over the past ten years. Officials discovered the scams when an Ohio woman reported she had asked Severs for some of her cash and was unable to recover it.The investigation revealed that Severs had allegedly bilked at least 30 people out of over $3 million. According to Terre Haute Police Detective Pete Holvey, the investment fraud victims consisted of "family friends who knew his parents, grandparents, and maybe grew up in the same area." Severs offered investments in his company, which he claimed was based in Israel. The company supposedly involved a collection of businesses that offered services such as construction and diamond cutting. Officials say Severs offered returns of 15% on the investments, but did not actually invest any of the cash he took in. Instead, he allegedly worked out of Terre Haute and used the cash to pay his personal expenses and bring in new investors. The investment fraud attorneys with Meyer Wilson represent victims of Indiana investment fraud in stockbroker mediation, arbitration, and litigation claims. We have recovered millions of dollars in losses for our clients and look forward to speaking with you.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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