Meyer Wilson's securities fraud lawyers are investigating claims involving
Josh Ray Abernathy that he defrauded investors out of $1.3 million.
A former Norfolk-based securities broker is facing allegations of fraud
after allegedly taking more than $1.3 million from investors between 2008
and 2014. Joshua Ray Abernathy (CRD# 4162073) worked for O.N. Equity Sales
and Next Financial Group when the alleged misconduct is said to have occurred.
Last week, Abernathy was charged in a Complaint filed in U.S. District
Court with one count of mail fraud and one count of conducting an unlawful
Court documents allege that Abernathy defrauded investors in both Texas and Virginia.
Allegedly, Abernathy promised 10 to 20 percent returns to his clients,
many of which were single mothers, widows, and people he met at church.
Rather than invest his clients' money as promised, Abernathy is accused
of pocketing the money for his own personal use and lying to conceal it.
FINRA barred Abernathy from the securities industry last month after he
failed to respond to the regulatory organization's request for information.
Did you invest with Josh Abernathy? If you did and you lost money, we invite
you to contact us for a free review of your case. Meyer Wilson helps investors
recover their losses caused by fraud and misconduct. If you think you
may have a claim,
contact us today.