A Sayreville, N.J., financial advisor has been sentenced to three years in prison for stealing a factory worker’s pension that he was supposed to invest, the U.S. Attorney for the District of New Jersey announced Wednesday.

Jesse Holovacko, 39, was sentenced to 37 months in prison for defrauding his client, a former factory worker, out of his retirement savings and using the funds for his own benefit, said Acting U.S. Attorney William E. Fitzpatrick.

Holovacko was convicted on six counts of wire fraud and one count of investment advisor fraud following a five-day trial in federal District Court in Trenton, N.J.

According to the U.S. Attorney, Holovacko went to a factory in 2012 to meet with factory workers. He signed the victim on as a client, transferring the victim’s pension savings into an IRA. The victim entrusted Holovacko with managing his retirement savings.

From December 2013 through August 2014, Holovacko falsely told the victim that he would use retirement account funds to purchase bonds for him and advised the victim to transfer the retirement money to the victim’s bank account and then provide cashier’s checks made out directly to the financial advisor, telling the victim it would make it easier to purchase the bonds. Based on these false representations, Holovacko obtained 18 cashier’s checks totaling approximately $255,000.

Holovacko used the victim’s money to pay a car loan and mortgage, for dining out, concerts and clubs, baseball game tickets, as well as taking out approximately $150,000 in cash. In order to continue deceiving the victim, Holovacko promised the victim documentation of the purported investments in bonds.