FLO{TiiD;i' :0 FFI C A OF FINANCIAL

,tluc

LATI0n-

DRE \V J, I' I1}).T X.SP1:.A R

cr')ltsllilii(rNEr(

DATE:

Septen,be.r 18. 2013

IO:

El

FROtvt:

Iorie \rViese, Financial Crimes lnvestigator, Bureau'of Financial lnvestigations

SUBJECT:

Case Sumrna

nier Sanchez,.Assista

l State Attorney,

Orla rrcio, F'loricia

.

: Lighthouse Capital Developmenl, tLC (1Vf.13890)

Sumnary
,

This case involves felcny icurities fraucl violations allegecliy cornmitteci by Floricla iesidents
Welter-Parscns tParsons):anc! Jack
*rith (Srnithi. EVidence ghtqinerl by the Bureau cf Financial
lriVestiiations shovrs lhat irom 201i through 2013 Parsons and Snrith, tlrrough their operetion-r
oi'l.Jghthciusc Capital Development, LiC {[ighilrouse). fraudulentiy obtainecl over $2.5 million
fr'trm
victims. Four of these victinls .'lrrj.r residents of Orange arrd Osceola ,counlies
^s..'r.1
("invstors")
Paisons, and his saies agent, Kenrry Platler (Platter), obtainecl funds by falsely r.up.orunting thuy
wor.rld be irtriested in various projects, and/or seiure, no-risk ventures secured: bry pr-brnissory
notes to be ripaid urithin a year. T'he projects consisted c'f "Wodd Malitirne", the purchase and

r:cnvergion of 3hipping vessels into livestock transports, rhe "Disqo,.,ry Day Gold Mine" in
california, and "Giobal Bridge and seec", a tompany that ltinrjs.startup businesses.
:

Frorn Januat'y 20f1. through January 2013, the investors sent $2,055,000 to theisubjcits,based
on repre3entetions by Paisbns ancJ Platter'ihat their money lriould be inVesied in rhi: above-

mentionecl prjects. I'tre irivestors reported pronrissory nbtes or loan agraements weie issuecJ
as collateral for funds irirtested tov,rard the irrojects, :TheV allege the iunds wer,e irot inricsted as
agreed and they ha'ue rttjl been repaid as pron'rise<l (only 5115,775 has been repaitJ,!o date).
Financial analysis ofrsrlbpoerraed bank records shor.rs Parsons and Smith used investor money
piy personal expenses suclr as mortgage payments, rent, ro;ehicle, and personal crcdit card
1,,
payments. lnvesior fund5 were also usecj tc pay conrrrrissions to sales agents, anc{ t<; pay
returns to otherinvestors.
:

Additionally, this investigatiori for.rndithat Parsons and Srniili have violated Chapter bsz.tqi.
F'5. liy requiring the payment of 5226;665 in acjvance fces from a resident
cf Jack.sorrvilie, and
formet'resicjertts of lVyoming in order to obrain conrmercial loans through
Lighthouse,
.

'Fl\;r\()..rl...tERt1tCES

(.Olti\il:r-_\t(),\j

;:

1,,

i:+l : ;.,

:'

;i:iii

.,i.:.

Financial Analvsis

i.;.

ir;:ii:

iltii

'11:+

The financial analysis in this case consisf'ed of a revien r..rf eleven l.rusiness bank accoilnts and
seven perscnal bank accounts for tlre time period cf Januaty 2011, through JanuanT 2013. The
victims' mcnies were deposited into four of ihe ,business accounts. I'hey include three

':!.fi

ilil

Lighihouse accounts ancl one accoiJnt held by Parsons Financial Selvices, tnc.: Oeposits inio
these'businese accor:nts totallgd gpproximately $e,gaf,gSg. During tliis same 'perio-j Parsons
and Smith received at ledst 9:;.ZOT,fOgJronr the busincss accounts into their personalaccounts
and other busirress .rci,runts.

i:ii

5r;ZOZ.

ffig
i

iO8 i . 469i i, EeCeived

$S6,gqO

by Parsons and Smith

2% i Business legal Expenses

i--r
?ole.ttiel Yiglatlg$
t)iiregistered Securitiei, Ch. 517.07,

Sal'e of

'!i!:
:::i$

F.S.

Securities Frauc!, Ch. 517.301, F.5.

Grand Theft, Ch. 812.014, F.5.
Loan Broker.Advahce FeF Fraud, Ch.687.141it)& {2), F.S.
Buslnesses
Lighthouse Capital Development, LLG
FEIN #; 275160798
Address: 822 ALA N, Suite 310, Ponte Vedra 8each, FL 32004
Parsons Financial Services, lnc.
FEINfl;' Sg3g rOOS+

Addiess;

14,1.5'1't St. N fB0S; Jacksonville geach, Fl 32250

Pelican Capiral Advisors, LLC

#: 273461453
Address: 822 A1A N. Sr.rite 311). ponte Vedra Beach, FL 32004
FEIN

:::.::i::: r::: ::::::::: :,:::,i: ::: ii:.::i:::::,:.r:.:,:,:.:,:::::.::i:,:.:.:,:.:.:::,:,:.:.:.:,:.:::,i:::.

:

ff""
'..
tr:ni

Subiects

,.ir::

j#l
:i#
i^fi
r.ii
iii
w

Walter Cox Parsons ll

DoB:04/08/1e56

SSN:I

Address: 2570 State Rd 13, Si. Johns, F|.32259

CriminalHistorY; None
Donald Jackscn Snrith Jr. {a/k/aJackSmith}

DoB: o3/31/1e5a

r.:ifi
,[,ii;

5sN: I
Address: 3029 S. Ponte Vedra Blvd. Ponte \tedra Beach, fL 320ll2
Criminai.Histcry:Simple Battery
Kenneth Ray Platter

fff
ilti

oOB: 0E/24l1e62

itti,,

Address: 2217 Eagle: Landing Way, l(i-ssimrnee, Ft34744

5SN:I

riminalHistcry: None
tm
|i.:til
li:ii

lFt

#$

t[
|1:i:li

:s
ulj
';;:li'
Ii.e

i$;

l.#i

iit
ffi

.: