Thayer was sentenced by a Warren County judge after pleading guilty to one count of securities fraud and aggravated theft of identity fraud. He admitted using the proceeds of this theft including a down payment on his home, mortgage payments, car loans, credit card expenses, as well as the purchase of a tiny house in Colorado for a family member.
Thayer operated a tax preparation service, PCIP n Lebanon, Ohio, and also worked as a securities salesperson for some brokerage firms and was later licensed as an investment adviser. In 2013,
Thayer opened a bank account in the victim’s name without her knowledge and then began selling securities from her brokerage account and transferred the proceeds to the new bank account.
An Investor Adviser Public Disclosure, filed with the SEC, report also shows he operated, PCIP, a tax preparation firm until September, along with working with LPL Financial, DBA Broadway Financial Solutions, as a registered representative. He was permanently barred as an investment advisor by the Financial Industry Regulatory Authority on February 2021, after it failed to respond to an inquiry.
His LinkedIn profile show Thayer joined Hard Rock as a senior accountant in September 2022 and moved into a controller's position in March.