Chapman was the founder and owner of Alexander Capital Markets. Customers would give their stock holdings to Chapman as collateral for loans. Chapman then improperly sold the stocks, despite assuring the customers that they would get back the full value of their holdings.
An unnamed elected official named “A.G.” was identified as having lost more than $18 million in what was essentially a Ponzi scheme run by Chapman.
RIGHT'S RIGHT 
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Tue Dec 10, 2013 8:38 am
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