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Fredrick D. Scott African-American financial consultant, private equity investor, venture capitalist, and motivational speaker.[1] In 2010 he was named one of Ebony magazineā€²s "Top 30 Under 30", described as "the youngest African-American hedge fund founder in history".[2] According to the Ebony article, in 2008 Scott founded Acacia Conglomerate, Inc., and the following year founded ACI Capital Group. Along with his wife Samira Scott, he also maintained the Samira and Frederick Scott Charitable Fund.[3] His investments focused on African-American businesses. Closing down ACI in April 2013, he launched a new firm called Fredrick D. Scott LLC.[4]

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.[5] He is accused of stealing $750,000 to $3.5 million from clients via his hedge fund business.[4][6][7][8][9]

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