Sherman C. Vaughn Jr.—Investment Fraud

California stockbroker fraud attorneySherman C. Vaughn Jr. Allegedly Defrauded Investors as Part of a $9 Million Midlothian Investment Scheme

Sherman C. Vaughn Jr., of Blackstone, Virgina, apparently used his football connections in the state of Virginia to allegedly operate a $9 million dollar Midlothian investment scam along with Merrill Robertson, Jr., according to Documents from the U.S. Attorney’s Office currently under review by attorneys Alan Rosca and James Booker.

Sherman C. Vaughn Jr. and Merrill Robertson Jr., between 2009 and 2016, allegedly persuaded over 50 investors to put their hard-earned cash into Midlothian-based firms Cavalier Union Investments and Black Bull Wealth Management, said U.S. Attorney’s Office Documents state.

The Peiffer Rosca Wolf securities lawyers are currently investigating Sherman C. Vaughn Jr. and Merrill Robertson Jr.’s alleged Midlothian investment scam.

Robertson and Vaughn Allegedly Operated a Ponzi Scheme, Never Informing Investors of Commissions and Fees and that Investor Money was Purportedly Used for Personal Expenses and to Pay Other Investors

Sherman C. Vaughn Jr. and Merrill Robertson Jr. allegedly ran what the SEC claims is a “Ponzi-like scheme” by purportedly using investor money to pay new investors with cash from older investors, according to FINRA Documents currently under review by attorneys Alan Rosca and James Booker.

In addition, Vaughn and Robertson also used investor money for personal expenses including mortgage and car payments, school tuition, spa trips and vacations, said Documents also report.

Finally, Robertson and Vaughn also allegedly misled investors by claiming to offer exact rates of returns and that they were experienced investment advisors, according to Documents from the U.S. Attorney’s Office.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged securities fraud scams and are currently investigating Sherman C. Vaughn Jr. and Merrill Robertson Jr. ‘s alleged Ponzi scheme. 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 Sherman C. Vaughn Jr. and Merrill Robertson Jr. ‘s alleged Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, 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.