RALEIGH, N.C. – Stephen Condon Peters, a former Raleigh investment advisor and owner of Visionquest Wealth Management, lost his appeal today in a per curiam opinion issued by the United States Court of Appeals for the Fourth Circuit.  The judgment against Peters, which included a 40-year prison sentence, $15,063,624.30 in restitution, and forfeiture of assets, was fully affirmed.

Acting United States Attorney G. Norman Acker, III stated, “For years now, the many victims of former investment advisor Stephen Peters have been holding their breath, waiting for any kind of news about the outcome of his appeal, so that they can move on with their lives.  Today I am pleased to report that the appeal is over.  There were no dissenting votes.  Stephen Peters will serve the 40 years imposed upon him.  With this result, this office can now resume its efforts to liquidate assets and return them to victims as quickly as…

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