Three Individuals Accused of Securities Fraud Relating to Their Involvement with Lighthouse Capital Development and Parsons Financial Services

investment fraud attorney ClevelandWalter C. Parsons II, Donald “Jack” Smith Jr., and Kenneth Ray Platter were charged with securities fraud and grand theft by the Florida Office of Financial Regulation relating to allegations that the three men orchestrated a fraudulent investment scheme.

Parsons, Smith, and Platter are accused of operating their scheme through Lighthouse Capital Development LLC and Parsons Financial Services Inc.

Parsons, Smith, and Platter allegedly took more than $2.2 million from investors by promoting their investments as being “secure” and “no risk.” However, the majority of the money received from victims was allegedly used by Parsons, Smith, and Platter for their personal gain, according to the Florida Office of Financial Regulation.

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 (1157 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.