SEC Charges Ex-Advisor Joshua W. Coleman with $200M Loan Fraud Scheme

Joshua W. Coleman Investment advisor PA

Attention Clients of Joshua W. Coleman: The SEC has alleged that the Pennsylvania-based former investment adviser fraudulently obtained hundreds of millions in loans by pledging over $160 million in client assets as collateral. If you were a client of Josh Coleman’s, you may have claims for damages.

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The Securities and Exchange Commission has charged Joshua W. Coleman, a former investment adviser (Vesta Advisors LLC) from North Wales, Pennsylvania, with fraud. Coleman is accused of obtaining over $200 million in illicit loan proceeds through a fraudulent scheme that involved forging signatures, lying to clients, and fabricating and altering documents.

Read the full SEC complaint against Joshua Coleman

He used the money for personal investments and paying business expenses. He pledged advisory client assets as collateral and then procured additional loans by pledging his own securities while misleading the new lenders. He defaulted on the loans and owes over $50 million.

Contact Us if You Invested with Joshua W. Coleman

Over our 30+ year history the Sonn Law Group is has recovered hundreds of millions for victims of investment advisor fraud. If you were a client of Joshua W. Coleman we may be able to help you recover damages. Call us anytime at 844-689-5754 or complete this short form. We look forward to hearing from you.