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, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.