Local News

Raleigh company, owner under federal investigation

Posted July 12

— Agents with the Federal Bureau of Investigation and United States Department of the Treasury searched two Wake County locations linked to Raleigh-based Vision Quest 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, Vision Quest is a wealth management firm for companies and individuals. It also provides business consulting services.

Peters was attempting to raise $4.3 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.

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8 Comments

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  • Kelly Paris Jul 13, 8:37 p.m.
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    The way I read this news is that, in short, Vision Quest is being investigated as well as the owner's home. Details to come later.

  • Tonya Willett Jul 13, 6:04 p.m.
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    I bet the people using the company to "manage their wealth" appreciate that someone thought it news. Why do people think if something doesn't apply to them it shouldn't be printed for anyone to read?

  • Janet Ghumri Jul 13, 11:37 a.m.
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    Is this supposed to be a complete article? I don't see anywhere near enough info to justify it's placement in the news. I'm sure it's those pesky Feds, being tight lipped as usual. Guess we'll wait until one of them breaks ranks and speaks 'on condition of anonymity because they are not authorized to speak publicly about the investigation'.

  • NC Tom Jul 13, 9:31 a.m.
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    Nothing to see here. Literally.

  • Donnie Dietrich Jul 13, 9:01 a.m.
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    Search warrants for what? There has to be more to this story for it to be news.

  • Alan Ward Jul 13, 5:08 a.m.
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    Why is this a story?

  • Barbara Horton Jul 12, 8:06 p.m.
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    What are they under investigation for? This article doesn't really tell much .

  • Jim Frei Jul 12, 6:57 p.m.
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    I always thought something fishy about this company. Like, why do they need a house in Costa Rica?