Federal grand jury indicts Feathers
Los Altos resident Mark Feathers was arrested last week and released on bond after being charged by a federal grand jury with 29 counts of fraud.
The securities and mail fraud charges relate to Feathers’ Small Business Capital Corp., which the U.S. Securities and Exchange Commission brought to court more than two years ago for misusing investor funds and overstating its financial stability. S.B. Capital had collected approximately $50 million in investments.