A former Lincoln businessman who moved to the Houston area and ended up charged by the Securities and Exchange Commission for an alleged Ponzi scheme now faces federal charges in Nebraska.
A grand jury indicted Frederick Alan Voight with 16 counts of mail fraud, two counts of wire fraud and two counts of money laundering.
He is set to make his first appearance on the charges in U.S. District Court in Lincoln on Nov. 1.
In court records filed Wednesday, Assistant U.S. Attorney Steven Russell said between 2004 and July 31, 2015, investors who gave money to Voight and his businesses lost $40.9 million.
He said a substantial number of people in the U.S., "including several persons residing in the District of Nebraska," invested with Voight though various business entities, including F.A. Voight & Associates, Daystar Funding and others.
Russell said Voight represented to investors that he would search the business community throughout the world for companies that had an "excellent and innovative product in a growing market" but were short of cash needed to take their product to market.
"Voight represented that his business entities pooled investor funds and provided the needed financing to companies to take them through 'commercialization and to profitability,'" the prosecutor wrote.
He said Voight represented that the companies he picked all had a social aspect, meaning investing in them was "helping to change people's lives for the good."
Voight also represented that his business entities would pay investors a specified interest rate, which varied depending on which company they invested in, and that their investment was protected against loss, Russell said.
Investors sent their money to Voight either by check or wire transfer.
Russell said Voight obtained $76,225,173 from 608 investors on a promise to loan the money to the companies. But only $22,006,699 (29 percent of it) was ever loaned.
The alleged mail fraud involved $1.361 million mailed from investors in Nebraska, from Waterloo to Holdrege, Sutton to Plattsmouth and Omaha to Hampton. The alleged wire fraud involved $810,000 wired from Omaha.
In 2015, the SEC charged Voight with defrauding more than 300 investors in multiple offerings of promissory notes issued by two partnerships he owns, F.A. Voight & Associates LP and DayStar Funding LP.
That civil case has been settled, and the SEC was working to resolve the monetary claims.