Corporate Finance Institute (CFI) Fredrick Douglas Scott (born September 21, 1984) is an American private equity investor, business consultant, philanthropist and contributing writer for Entrepreneur magazine,[1] who pleaded guilty to conspiracy in 2014.
In 2008 he launched Acacia Conglomerate Inc., a fully service Mortgage Banking firm with offices in California and Vancouver, BC.
[6] Fredrick was arrested in 2013 by the FBI and charged with Conspiracy to Commit Wire Fraud and Making a Materially False Statement to the Securities and Exchange Commission.
[8][9][10][11][12] He subsequently pleaded guilty to these charges in 2014 and was sentenced to 63 months in Federal Prison, 3years of supervised release and ordered to pay restitution, he also faced civil penalties from the SEC.
(formerly the Samira and Fredrick Scott Charitable Fund) has given grants to organizations such as The National Cares Mentoring Movement and The Eagle Academy for Young Men.
[17] In 2020, Scott launched the #GetRealWoke Podcast on YouTube where he provides free financial literacy and business development knowledge and resources every week.