Joshua Ray Abernathy and Omega Investment Group— Mail Fraud and Unlawful Monetary Transactions

investors rights attorneysJoshua Ray Abernathy, and His Company, Omega Investment Group, Allegedly Conducted Mail Fraud and Unlawful Monetary Transactions, Purportedly Taking $1.3 Million from at Least 14 Investors in Virginia and Texas

Joshua Ray Abernathy, and his company, Omega Investment Group, allegedly conducted mail fraud and unlawful monetary transactions, purportedly taking $1.3 million from at least 14 investors in Virginia and Texas, according to court documents currently under review by attorneys Joe Peiffer and Alan Rosca.

Joshua Ray Abernathy allegedly painted a picture of to potential clients wherein he he planned to invest in options, puts, and calls (in companies like Apple, Netflix, and Google) through Omega, with the expectation of profit, purportedly with guaranteed returns of 10 to 20 percent, court documents report.

The Peiffer Rosca Wolf securities lawyers are currently investigating Joshua Ray Abernathy’s alleged mail fraud and unlawful monetary transactions.

Joshua Ray Abernathy Allegedly Invested Only a Small Portion of Investor Money through his Personal E-trade Account, Purportedly Pocketing the Rest of His Pay for Personal Expenses

Joshua Ray Abernathy allegedly invested only a small amount of investor money through his personal E-trade accounts, and, instead purportedly kept the rest to pay his living expenses, rent luxury cars and travel, according to court documents currently under review by attorneys Joe Peiffer and Alan Rosca.

Joshua Ray Abernathy, 37, and of Norfolk, Virginia, has been sentences to 7½ years in prison for a $1.1 million fraud by U.S. District Judge Mark Davis, and has also been ordered by Davis to to pay $1.1 million in restitution to his alleged victims, court documents report.

Finally, the IRS reportedly filed a $2.2 million lien against Abernathy last year on the grounds he had not filed a tax return since 2007, court documents report.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of mail fraud and unlawful monetary transactions. They are currently investigating Joshua Ray Abernathy’s alleged mail fraud and unlawful monetary transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Joshua Ray Abernathy’s alleged mail fraud and unlawful monetary transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.