(Tuesday, February 13th) After pleading guilty to six felonies for fraud in January, a New Philadelphia man will pay more than $90,000 in restitution.
Keith Elsesser, 51, was sentenced on Monday afternoon for selling fraudulent securities to two victims.
The two grand theft charges and four counts of unlawful securities practices stem from a scheme where Elsesser lead the victims to believe they were investing in an energy drink venture between 2011 and 2013. Elsesser, instead, spent the money on groceries, movies, rental cars, and entertainment.
$10,000 of the restitution was repaid during sentencing on Monday, and $1,500 will be paid monthly until his debt is paid. Along with restitution, Elsesser will spend 7 days in jail and be under community control for 5 years.
Elsesser was prosecuted through the Ohio Attorney General’s Special Prosecutions Section.
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