Raleigh company, owner under federal investigation
Posted July 12
Updated 5:33 p.m. Friday
Raleigh, N.C. — Agents with the Federal Bureau of Investigation and United States Department of the Treasury searched two Wake County locations linked to Raleigh-based VisionQuest Wealth Management on Wednesday, the headquarters on Hargett Street and the home of owner Stephen Peters on Theys Road, according to the FBI.
Search warrants were executed as part of an ongoing investigation.
According to the company website, VisionQuest is a wealth management firm for companies and individuals. It also provides business consulting services.
Peters was attempting to raise $14.2 million via debt financing for the company, and the company has reached around $11 million.
Peters' home is located at 5237 Theys Rd., on the same piece of property of Whispering Hope Stables, an equestrian farm in Raleigh near Lake Wheeler.