Cases / Investment funds & advisory
Stephens Capital Management Inc, Douglas Capital Corp
Stephen C. Browere
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Stephens Capital Management Inc, Douglas Capital Corp
- Industry
- Promissory notes / advisory client accounts
- How investors were recruited
- Investment advisory clients, including an elderly client with dementia
- Pitch & red flags
- Promissory notes paying 8.5% annual interest with principal repaid in one year (later cut to 2.5%); phony account statements
Source
U.S. Department of Justice official
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