{"id":1316,"date":"2013-09-16T16:58:00","date_gmt":"2013-09-16T16:58:00","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/09\/sec_charges_aci_capital_group"},"modified":"2022-03-10T16:38:20","modified_gmt":"2022-03-10T22:38:20","slug":"sec-charges-aci-capital-group","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/","title":{"rendered":"SEC Charges ACI Capital Group Owner with New York Securities Fraud"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI Capital Group. The regulator contends that he falsely claimed that the company’s assets under management were as high as $3.7 billion to give him greater credibility when he promoted investment opportunities that were too good to be true. Scott allegedly ran a number of financial scams<\/a> that targeted small businesses and individual investors. <\/p>\n

The SEC says that Scott solicited investors for money by promising high return rates and then stole their funds the moment they deposited it with his investment advisory firm. He used their money to pay for personal expenses and investors never received returns.<\/p>\n

One securities scam Scott purportedly perpetuated was what is referred to as an advance fee scheme. Investors were promised that ACI would give multimillion-dollar loans to people wanting bank financing. However, they first had to advance a percentage of the loan figure to the investment advisory firm. Afterwards, they were to get the remaining balance that was promised to them. Unfortunately, investors never received this money.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI Capital Group. The regulator contends that he falsely claimed that the company’s assets under management were as high as $3.7 billion to give him greater credibility when he promoted investment opportunities that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741],"tags":[],"class_list":["post-1316","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nSEC Charges ACI Capital Group Owner with New York Securities Fraud — Investor Lawyers Blog — September 16, 2013<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI — September 16, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Charges ACI Capital Group Owner with New York Securities Fraud — Investor Lawyers Blog — September 16, 2013\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI — September 16, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Charges ACI Capital Group Owner with New York Securities Fraud — Investor Lawyers Blog — September 16, 2013","description":"The Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI — September 16, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/","twitter_card":"summary_large_image","twitter_title":"SEC Charges ACI Capital Group Owner with New York Securities Fraud — Investor Lawyers Blog — September 16, 2013","twitter_description":"The Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI — September 16, 2013","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Charges ACI Capital Group Owner with New York Securities Fraud","datePublished":"2013-09-16T16:58:00+00:00","dateModified":"2022-03-10T22:38:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/"},"wordCount":461,"articleSection":["Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/","name":"SEC Charges ACI Capital Group Owner with New York Securities Fraud — Investor Lawyers Blog — September 16, 2013","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2013-09-16T16:58:00+00:00","dateModified":"2022-03-10T22:38:20+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The Securities and Exchange Commission has filed charges against Fredrick D. Scott, the New York money manager who owns investment advisory firm ACI — September 16, 2013","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-aci-capital-group\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SEC Charges ACI Capital Group Owner with New York Securities Fraud"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-le","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=1316"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1316\/revisions"}],"predecessor-version":[{"id":23736,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1316\/revisions\/23736"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=1316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=1316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=1316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}