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Fredrick Douglas Scott (born September 21, 1984) is an American Businessman. He is most well known for his financial initiatives and social activism.

Scott was Ebony Magazine's top 30 under 30 in May 2010.

Career

He is the CEO of The Scott Family Office Intl. and Chairman of the Board of The Scott Family Foundation International, a Civil Society Organization (CSO) and member of the U.N. Global Compact. Due to his own experiences with the criminal justice system, Scott has become an advocate for criminal justice reform, improved race relations, and measured policing tactics within communities of color in the United States. He has spoken on such shows as Washington Watch with Roland Martin.

Controversy

Scott was charged with conspiracy to commit wire fraud to the the U.S. Securities and Exchange Commission in 2013. Though never indicted by a jury of his peers and being the only person ever charged in any capacity in his case, due to pressure applied by the Prosecution and threats to deport his than wife, who was in the process of receiving her Green Card, Scott waived his right to indictment and entered into a plea bargain based on a prosecutor’s information in 2014. Scott was sentenced to five years in prison, ordered to pay $1.3 million in restitution and permanently barred from the securities industry by the Securities and Exchange Commission. He was released after serving 85% of his time for good behavior. On June 4, 2013, the 29-year-old Fredrick Douglas Scott was arraigned as being a fraud by the U.S. District Court for the Eastern District of New York. He is accused of stealing $750,000 to $3.5 million from clients via his hedge fund business. Scott was sentenced to 63 months in prison for using his investment advisory firm to steal clients’ money and lying to the SEC.