Portland Business Journal

March 20, 2001

Capital Consultants president admits guilt

Barclay Grayson, son of Capital Consultants principal Jeffrey Grayson, struck a plea bargain deal with federal authorities as part of the ongoing Capital Consultants-Wilshire Financial Services Group scandal, The Oregonian reported today.

Barclay Grayson, former president of Capital Consultants, agreed to plead guilty to fraud charges and to pay back as much as $4.9 million to individuals and groups who lost money in the Capital Consultants collapse. Barclay Grayson will also testify against his father in the ongoing federal probe, the newspaper reported. The case is before Judge Anna Brown in the U.S. District Court in Portland, Ore.