Hampton Roads financial adviser charged with criminal fraud

A Hampton Roads financial adviser is expected to plead guilty to two federal criminal counts for his role in running a fraudulent investment scheme that led investors to lose at least $6 million, according to charges filed by the U.S. Attorney’s office.

Roger Odell Hudspeth II, who owned Dominion Investment Advisors LLC with offices in Norfolk and Virginia Beach, was charged Tuesday with investment adviser fraud and unlawful monetary transactions.

Hudspeth had partnered with Daryl Gene Bank, a financial radio host, to sell securities to investors, many of whom were nearing retirement age.

Hudspeth’s attorney, Jeffrey Swartz, confirmed he’s working with his client to set a court date and prepare a guilty plea. Read More