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Financial Fraud : An elaborate and long-running financial fraud carried out by a Florida man and co-conspirators cost business executives and shareholders of publicly traded corporations more than $100 million—losses that in some cases forced companies to close their doors.

Jeffrey Spanier, who was recently sentenced to eight years in prison for his role in the scheme, fleeced some very savvy businessmen, including CEOs. “These were sophisticated investors asking the right questions,” said Special Agent John Roberts, who investigated the case from the FBI’s San Diego Division along with Special Agent Bridgid Cook. “But because of Spanier’s deception, misrepresentation, and omission of facts, it was very difficult for these businessmen to see the red flags and to protect themselves.”

Beginning in 2004 and continuing on and off for nearly a decade, Spanier’s firm, Amerifund Capital Finance, worked in conjunction with San Diego-based Argyll Equities to arrange loans to companies that needed operating capital or an infusion of cash to grow their businesses. In exchange, borrowers pledged company stock as collateral.

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Financial Fraud : An elaborate and long-running financial fraud carried out by a Florida man and co-conspirators cost business executives and shareholders of publicly traded corporations more than $100 million—losses that in some cases forced companies to close their doors.Jeffrey Spanier, who was recently sentenced to eight years in prison for his role in the scheme, fleeced some very savvy businessmen, including CEOs. “These were sophisticated investors asking the right questions,” said Special Agent John Roberts, who investigated the case from the FBI’s San Diego Division along with Special Agent Bridgid Cook. “But because of Spanier’s deception, misrepresentation, and omission of facts, it was very difficult for these businessmen to see the red flags and to protect themselves.”Beginning in 2004 and continuing on and off for nearly a decade, Spanier’s firm, Amerifund Capital Finance, worked in conjunction with San Diego-based Argyll Equities to arrange loans to