Press Release
Sioux Falls Man Sentenced to Federal Prison for Nearly Four Years for Possessing and Selling a Firearm as a Felon
For Immediate Release
U.S. Attorney's Office, District of South Dakota
SIOUX FALLS - United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Karen E. Schrier has sentenced a Sioux Falls, South Dakota, man convicted of Possession of a Firearm by a Prohibited Person. The sentencing took place on December 16, 2024.
Jerad Wade Olson, 35, was sentenced to three years and 10 months in federal prison, followed by three years of supervised release, and ordered to pay a $100 special assessment to the Federal Crime Victims Fund.
Olson was indicted for Possession of a Firearm by a Prohibited Person by a federal grand jury in May 2024. He pleaded guilty in September 2024.
In December 2023, Olson was identified by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) as a seller of firearms in the Sioux Falls area. Olson is prohibited from possessing firearms due to previous felony convictions. ATF conducted an operation targeting Olson on December 13, 2023, during which an agent established contact with Olson and posed as a buyer of firearms. Olson agreed to sell the agent a Walther 9mm pistol for $500. The agent met with Olson and completed the sale later that day at Olson’s residence in Vermillion.
This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.
This case was investigated by the ATF and the Sioux Falls Police Department. Special Assistant U.S. Attorney Mark Joyce prosecuted the case.
Olson was immediately remanded to the custody of the U.S. Marshals Service.
Updated December 17, 2024
Topics
Project Safe Neighborhoods
Firearms Offenses
Component