Defendant in Securities Firm Investigation Receives New Federal Charges
A Greenville-based attorney faces new federal charges related to the investigation of a South Carolina securities firm.
On June 19th, the state grand jury indicted Frederick Scott Pfeiffer, the lawyer for former securities firm Capital Investment Funding, on one count each of conspiracy and forgery.
He already faces federal charges for criminal conspiracy, five counts of securities fraud, forgery, perjury and false swearing for his alleged involvement in the business activities and actions of Capital Investment Funding and related entities.
Pfeiffer already faced federal charges that he withheld key information from investors in the company. According to investigators, Pfeiffer and another man involved did not tell investors that some officers in Capital Investment Funding had been removed for improper financial transactions.
The business was started in 2008 by Arthur Field, who has admitted to all 14 counts of fraud, including 11 counts of securities fraud, two counts of conspiracy, and one count of forgery.
Field was indicted by a state grand jury last year on fraud charges related to his business activities. Although he has finally pled guilty, Field showed little emotion in court and offered no explanation about what happened to investors’ money.
Court documents allege that Field, as well as co-defendant Fredrick Scott Pfeiffer, a Greenville attorney, hid Field’s true business interests from investors, his partners at the firm, and the South Carolina Securities Division, among others.
Prosecutors say that Capital Investment had a business plan modeled after HomeGold Financial and Carolina Investors Inc. Six executives were convicted in 2003 after the company collapsed, and investors lost $275 million.
Defending Against Federal Charges in South Carolina
Securities Fraud investigations are complex white collar fraud cases that need a criminal defense attorney who can adequately investigate and represent the individual or corporation accused of Securities Fraud. Securities Fraud investigations and cases often take years to put together and involve a lengthy grand jury process. If you or your corporation is accused or charged with Securities Fraud you need a criminal defense lawyer that can represent your interests with the United State’s Attorneys Office. Below please find a brief description of Securities Fraud.
Whoever knowingly executes, or attempts to execute, a scheme or artifice-
(1) to defraud any person in connection with any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o (d)); or
(2) to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o (d)); shall be fined under this title, or imprisoned not more than 25 years, or both.
The Strom Law Firm Can Help With Federal Charges
If you or a loved one have received federal white collar fraud charges, you may feel that your personal and professional reputation is ruined. However, just because you face federal charges does not automatically mean you are guilty. The attorneys at the Strom Law Firm understand the complexity of federal charges, and can help you fight for your rights. We offer free, confidential consultations to discuss the facts of your case, so contact us today for help. 803.252.4800
