The owner of a Reston-based financial services firm was sentenced to 12 years in prison on Friday after pleading guilty to a wire fraud that prosecutors say cheated investors out of more than $35 million.
William Dean Chapman, 44, of Sterling, was the founder of Reston-based Alexander Capital Markets. Prosecutors say 122 investors lost a collective $36 million over several years. One investor, an elected official identified in court papers only by the initials A.G., lost $18 million.
Officials said that investors would transfer stock holdings to Chapman as collateral for loans. Chapman then sold the stocks, despite promising investors that they would get back the value of their stocks.
Chapman tried to withdraw his guilty plea before Friday’s sentencing in federal court in Alexandria but was denied.
The skeletal remains of Michael Delaney, the Reston man who went missing from Reston Hospital in May 2020, have been found in the Sugarland Run area, Fairfax County police confirmed….
One of the two residential towers planned for the Faraday Park development near the Wiehle-Reston East Metro station is now open to residents. Move-ins for 242-unit Faraday West tower officially…
Open houses this weekend include a 4 BD/2.5 BA home on a large lot with a swimming pool.
Reston Community Center has announced the lineup its 2021-22 Professional Touring Artist Series. After a truncated season with limited audiences last year due to the COVID-19 pandemic, the series will…