Sovereign International Accused Of Investment Scam

Law360, New York (June 6, 2011, 2:46 PM EDT) -- The U.S. Securities and Exchange Commission sued the two owners of Sovereign International Group LLC on Friday in Michigan for an alleged scheme that authorities say capped a $15.3 million string of investment frauds.

The SEC accused Ronald Abernathy, 66, of Scottsdale, Ariz., and Arthur Weiss, 61, of Pasadena, Calif., and Delray Beach, Fla., of swindling $560,000 from investors in a scheme run through Sovereign, which was also named in the complaint.

From Sovereign's inception in 2008 to at least January 2011, the men allegedly sold...
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Case Information

Case Title

Securities and Exchange Commission v. Abernathy et al

Case Number



Michigan Western

Nature of Suit



Gordon J. Quist

Date Filed

June 3, 2011


Government Agencies

UK Financial Services

UK Financial Services

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