Jeffrey Lewis, of Lewis Investments in Mercer County, Allegedly Stole Nearly $300,000 from a 93-year-old Woman

Jeffrey Lewis, the sole proprietor of Lewis Investments in Mercer County, allegedly stole nearly $300,000 from a 93-year-old woman and then waived indictment and pleaded guilty to wire fraud and money laundering before U.S. District Judge David Cercone, according to reports from Mercer County.

Lewis allegedly solicited the client, known only as “E.M.” in 2015 to invest in a $60,000 Penn State Housing Authority bond. E.M. allegedly then entrusted him with a $58,000 check to invest in the bond, said reports note.

Jeffrey Lewis Allegedly Advised His Client to Avoid Unnecessary Fees and that He Could Put Her Money in Safer Investments with Higher Returns; Lewis Allegedly Used the Client Funds for Personal Expenses

Jeffrey Lewis allegedly told the aforementioned E.M. that her financial adviser at the time was incurring unnecessary fees and that he was allegedly able to help her put her money into less risky investments but for a higher return, according to the aforementioned reports from Pennsylvania.

Lewis, in December 2015, allegedly helped her open TD Ameritrade accounts and helped her in wiring her cash from her existing account to the new Ameritrade accounts, the reports note.

Lewis then, about two weeks later, allegedly transferred $230,000 from EM’s Ameritrade accounts to his own private personal bank account at First National Bank without her prior knowledge or approval, the reports state. Next, Jeffrey Lewis then started using E.M.’s cash to pay his own private expenses, including gambling activity and a $37,000 Hummer, the reports note.

Lewis allegedly has no prior record of charges in the securities industry, but did allegedly have a drunk driving conviction, the reports note.

Lewis is now purportedly looking at several years in federal prison and will be forced to pay restitution as best he can as part of his plea deal, the reports state.

The Peiffer Wolf Carr & Kane Securities Lawyers Help Investors

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment-related fraud may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at or

Peiffer Wolf (1298 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.