Created: Thu, 19 Sep 2013 09:18:00 EST
Updated: Thu, 19 Sep 2013 09:25:24 EST
GREENVILLE, S.C. (AP) _ A Greenville attorney will serve about six years in prison in a securities fraud case involving an Easley firm.
Attorney General Alan Wilson says 47-year-old Fredrick Scott Pfeiffer was sentenced Wednesday after pleading guilty to one count of conspiracy and two counts of securities fraud.
Pfeiffer was indicted earlier this year. Authorities said he withheld key information from investors in Capital Investment, and that he and another man did not tell investors that officers of the firm's parent company had been removed for improper financial transactions.
Arthur Field pleaded guilty to 11 fraud charges in May.
Prosecutors say Capital Investment's business plan was patterned after that of HomeGold Financial and Carolina Investors Inc. Thousands lost $275 million in the companies' 2003 collapse. Six executives were convicted.