Investment scam Coverage

Wake Forest investment adviser charged with fraud

A Wake Forest investment adviser has been indicted on federal fraud charges, with authorities saying he bilked investors out of more than $8 million in an elaborate Ponzi scheme.

5 On Your Side Extra: Protect yourself from scams

Think it couldn't happen to you, neither did any of these victims. 5 On Your Side shares some common scams and ways you can avoid getting taken.

Judge, investors irked Raleigh investment adviser not sorry for fraud

A Raleigh investment adviser was sentenced Friday to 40 years in federal prison for bilking clients in an elaborate Ponzi scheme.

Raleigh investment adviser gets 40 years in prison for Ponzi scheme

A Raleigh investment adviser was sentenced Friday to 40 years in federal prison for bilking clients in an elaborate Ponzi scheme.

Cullen Browder, WRAL anchor/reporter

Investment adviser forfeits freedom, forfeits assets after conviction

A Raleigh investment adviser accused of bilking people out of more than $15 million in an elaborate Ponzi scheme was found guilty Thursday on all counts.

Raleigh investment adviser found guilty in Ponzi scheme

A Raleigh investment adviser accused of bilking people out of more than $15 million in an elaborate Ponzi scheme was found guilty Thursday on all counts.

Cullen Browder, WRAL anchor/reporter

Investment adviser denies taking client money for himself, deceiving regulators

A Raleigh investment adviser facing charges that he bilked people out of more than $15 million in an elaborate Ponzi scheme says he never intended to cheat anyone.

Raleigh investment adviser accused of Ponzi scheme says former clients, employees lied

A Raleigh investment adviser facing charges that he bilked people out of more than $15 million in an elaborate Ponzi scheme says he never intended to cheat anyone.

Cullen Browder, WRAL anchor/reporter

Prosecutors provide peek into undercover investigation of Raleigh investment adviser

Stephen Condon Peters, who owns VisionQuest Wealth Management, faces fraud charges in what federal prosecutors call a multimillion-dollar Ponzi scheme. During the second day of his trial, FBI agents described a confidential informant, an undercover agent and secret recordings of Peters used to build the case against him.

VisionQuest leader accused of taking $6M for own use

A Raleigh investment adviser went on trial Thursday on charges that he bilked people out of more than $15 million in an elaborate Ponzi scheme.

Feds: Raleigh investment adviser tricked clients

A Raleigh investment adviser went on trial Thursday on charges that he bilked people out of more than $15 million in an elaborate Ponzi scheme.

Cullen Browder, WRAL anchor/reporter

Raleigh man accused of running Ponzi scheme now faces ID theft charge

A Raleigh investment adviser accused of bilking people out of more than $15 million in an elaborate Ponzi scheme now faces identity theft and more fraud charges, authorities said Thursday.

Matthew Burns, WRAL.com senior producer/politics editor

Feds seize more assets from investment adviser accused of Ponzi scheme

Federal authorities have seized more assets of a Raleigh investment adviser accused of bilking people out of more than $15 million in an elaborate Ponzi scheme, according to recently unsealed court records.

Matthew Burns, WRAL.com senior producer/politics editor