Jon B. Schmidhammer, Ohio Broker Indicted by Grand Jury for Alleged Theft from Elderly Client

Dublin, Ohio, financial advisor, JON B. SCHMIDHAMMER (CRD# 1548931), 62, was indicted by a grand jury Monday, August 15, 2016, on one count of theft from a person in a protected class and unlawful securities practices.
Schmidhammer is accused of allegedly stealing a half-million dollars from his elderly client’s account and is now facing two felony counts.
The prosecutor said that Jon Schmidhammer was the financial advisor for an 81-year-old woman. He allegedly transferred more than $500,000 from January 2014 to July 2016, from her investment accounts to her bank accounts. Then using his elderly client's funds, Schmidhammer wrote checks to himself and paid personal bills.
This scheme was discovered when bank employees and police contacted the elderly victim after they suspected suspicious bank activity involving her account.
Jon B. Schmidhammer will be arraigned on August 26.
JON B. SCHMIDHAMMER (CRD# 1548931) has been registered in the securities industry for 29 years.  Some of the firms he was listed with were:
05/2009 - 08/2016 STIFEL, NICOLAUS & COMPANY, INCORPORATED - DUBLIN, OH
03/2006 - 05/2009 MERRILL LYNCH, PIERCE, FENNER & SMITH INC - UPPER ARLINGTON, OH
11/2004 - 03/2006 ADVEST, INC. - HARTFORD, CT
08/2002 - 11/2004 UBS FINANCIAL SERVICES INC. - WEEHAWKEN, NJ
If you or an elderly family member were a victim of financial fraud by your broker/financial advisor, or an alleged victim of Jon B. Schmidhammer who was with Stifel, Nicolaus & Co of Dublin, Ohio, call the Soreide Law Group for a no-cost consultation on the possibility of recovering your financial losses at:  888-760-6552.
 
Soreide Law Group represents clients nationwide before FINRA and we operate on a contingency fee.