Pfeiffer and Field Sentenced to Prison, Ask for Reconsideration
Frederick Scott Pfeiffer and Arthur Field, former managers of Capital Investment Funding, have asked the court to reconsider their prison sentence. Pfeiffer and Field are asking for a lower sentence and the inclusion of their time spent behind in jail as part of their sentence.
Pfeiffer pleaded guilty for two counts of securities fraud and one count of conspiracy and was sentenced to 10 years of imprisonment.
Field pleaded guilty to 11 counts of securities fraud, two of conspiracy and one of forgery charged against him of a state grand jury according to court documents.
“A judge approved a mediated settlement agreement in which Field’s company acknowledged a judgment of nearly $38.5 million to 688 note holders and he agreed to resign as the firm’s manager,“ according to court records. Field was ordered to pay $2.8 million in restitution.
The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.