September 16, 2019

Stephen Condon Peters of Raleigh, North Carolina, was sentenced to 40 years in prison for investment advisor fraud, fraud in the sale of unregistered securities, and related charges.  Peters, a registered investment advisor, defrauded clients by steering them to investments in which he had a personal financial interest, stole clients’ funds, and made misstatements to the SEC.  In addition to his prison sentence, the court ordered Peters to pay restitution of more than $15 million.  USAO EDNC

Tagged in: Criminal Proceedings, Financial and Investment Fraud, Securities Fraud,