Ismail Elmas and Apple Federal Credit Union: Potential Investment Fraud

Now Representing Clients of Former Broker Ismail Elmas

Meyer Wilson Contacted by Customers of Former Broker Ismail Elmas Regarding Potential Investment Fraud

August 25, 2014

Meyer Wilson has been contacted by customers of former Virginia broker Ismail Elmas relating to a possible investment scam that Elmas may have orchestrated while he was acting as their trusted financial advisor. The federal authorities are reportedly investigating the situation.

Regulatory documents indicate that Elmas, 49, was recently terminated from the brokerage firm CUSO Financial Services, the brokerage firm through which Apple Federal Credit Union sells investments to its customers. Elmas was terminated based on allegations that he improperly converted client funds for his personal use and sold investments that were not approved for sale by the brokerage firm. Even though Elmas may have been affiliated with Apple Federal Credit Union he was actually employed by CUSO from January 2013 through July 2014. Elmas worked for another brokerage firm, CUNA Brokerage Services, Inc., from November 2007 to January 2013.

According to reports, Elmas has not been seen since July 29, when he left his home in Vienna, Virginia, about 30 miles from Washington, DC. Elmas’ family reported him missing to local police.

Investors who believe they were defrauded by Elmas may be able to recover their losses against the brokerage firms that employed Elmas. If you believe that you lost money as a result of fraud or other misconduct by Ismail Elmas, please contact the law firm’s managing partner, Attorney David P. Meyer, directly at 614-358-3283 or via email at, for a free, no-obligation evaluation of your recovery options. You may also contact the investment fraud law firm toll-free by calling 866-314-1980.

The team of investment fraud attorneys at Meyer Wilson has successfully represented nearly 1,000 individual investors from across the country who have suffered financial harm at the hands of stockbrokers and brokerage firms. They have won verdicts, arbitration awards and settlements of hundreds of millions of dollars for their clients.

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