Stephen Condon Peters, a Raleigh investment advisor, was sentenced to 40 years in prison after being found guilty following a jury trial in the United States District Court for the Eastern District of North Carolina. In sentencing Peters, he presiding judge, James C. Dever, III, noted Peters’ lengthy and systematic scheme involving theft of clients’ money, obstructing an investigation by the United States Securities and Exchange Commission, and repeated acts of perjury during his trial.
The evidence showed that Peters bilked his customers of roughly $15 million and used some fo the money to buy a luxury villa in Costa Rica, jewelry, horses, and guns.
© Andrew Whiteman 2019
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