Jason Severs, 37, has been charged with at least 95 counts of theft and
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
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.