Three Individuals Accused of Securities Fraud Relating to Their Involvement with Lighthouse Capital Development and Parsons Financial Services
Walter 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, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.