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Greenville lawyer seeks shorter sentence in fraud

GREENVILLE (AP) — A Greenville attorney is seeking a shorter prison sentence in a securities fraud case involving an Easley company.

Fredrick Scott Pfeiffer is asking a judge to reconsider his six-year prison sentence because of what Pfeiffer’s attorney calls “inconsistencies” between his sentence and another given the firm’s former manager, The Greenville News reported.

Pfeiffer pleaded guilty to two counts of securities fraud and one count of conspiracy.

Government prosecutors already have asked the court to reconsider the sentence for Arthur Field, Capital Investment Funding’s former manager, contending he was released too soon.

Pfeiffer’s attorney, William Yarborough, says his client’s sentence should be lowered because Field only had to serve a little more than two years before the rest of his sentence could be suspended.

Field was given credit for time served and for the period while he was under house arrest before his trial and was released on probation eight days after he was sentenced.

A hearing on Pfeiffer’s case is scheduled Feb. 25 in Anderson before Circuit Judge Cordell Maddox.

Authorities said Pfeiffer withheld key information from investors in Capital Investment

Capital owed $38 million to investors when it closed in 2008.

 

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