SEC Accuses William Dean Chapman, Jr. of Operating a Fraudulent Loan Business

William Dean Chapman, Jr. and his companies, Alexander Capital Markets, LLC and Alexander Financial, LLC, operated a fraudulent stock-collateralized loan business, according to a complaint filed by the Securities and Exchange Commission (SEC). The Peiffer Wolf securities practice lawyers Jason Kane and Joe Peiffer are investigating the matter and have reached out to investors who invested with Chapman, Alexander Capital Markets, LLC, or Alexander Financial, LLC.

Chapman, Alexander Capital Markets, LLC and Alexander Financial, LLC raised money by encouraging borrowers to transfer ownership of millions of shares of publicly traded securities to them as collateral for purported non-recourse loans based on false promises, including the promise to return the shares, or remit share profits in excess of accrued interest, to borrowers who repaid their loans, according to the complaint filed by the SEC.

Chapman, Alexander Capital Markets, LLC, and Alexander Financial, LLC were doing nothing to ensure their ability to repurchase and return shares to borrowers who elected to repay their loans, or remit share profits in excess of accrued interest to borrowers, according to the SEC’s complaint.

Chapman, Alexander Capital Markets, LLC, and Alexander Financial, LLC used the proceeds to pay other borrowers and used the proceeds to pay for operating costs and for their own benefit, according to the complaint. Chapman, Alexander Capital Markets, LLC, and Alexander Financial, LLC were unable to honor maturing loan agreements, but continued to enter into new agreements under false pretenses, according to the complaint. Chapman, Alexander Capital Markets, LLC, and Alexander Financial, LLC fraudulently accepted millions of dollars in loan repayments from at least two borrowers and used the funds to repay other borrowers and for Chapman’s personal benefit, according to the complaint.

The Peiffer Wolf attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. 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 may have lost money invested with William Dean Chapman, Jr., Alexander Capital Markets, LLC, or Alexander Financial, LLC may contact the lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 8585-310-5140.

Peiffer Wolf (1315 Posts)


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.