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Press Release

Dayton-area former investment advisor sentenced to 2 years in prison for Social Security fraud, making false statements regarding theft from local church

For Immediate Release
U.S. Attorney's Office, Southern District of Ohio

DAYTON, Ohio – Charles Edward Severt, Jr., 52, of Xenia, was sentenced in federal court to 24 months in prison for stealing more than $370,000 in Social Security disability benefits and for making false statements related to stealing $20,000 from a Xenia church.


Severt was indicted and arrested in March 2021.


According to court documents, in connection with his application for disability benefits, Severt stated that he had not worked since 2010 as the result of a shooting. In reality, Severt had been working since at least 2014 in the tree trimming business.


Severt also stated under oath that his license as an investment advisor was suspended for not reporting income from flipping houses. Court documents detail Severt was actually banned for life by the Financial Industry Regulatory Authority for stealing $20,000 from a church in Xenia.


As part of his sentence, Severt will pay more than $370,000 in restitution.


Kenneth L. Parker, United States Attorney for the Southern District of Ohio, announced the sentence imposed yesterday by Senior U.S. District Judge Walter H. Rice. Special Assistant United States Attorney Timothy Landry is representing the United States in this case, which was investigated by the Social Security Administration Office of the Inspector General, Chicago Field Division, with assistance from the United States Marshals Service.


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Updated April 19, 2023

Financial Fraud