St. Louis, MO – St. Louis area businessman Scott Luster has been sentenced to six years in prison for a Ponzi scheme he ran while the president of Rate Search, Inc.
Luster, a 53-year-old native of Belleville, pleaded guilty to mail and tax fraud charges in February. Rate Search marketed and sold certificates of deposit, but Luster failed to purchase the CDs for customers despite their directions, and did not tell them he hadn't done so. He used the customer's money for personal and other business expenses.
Jefferson City, MO – A Cole County judge has upheld the language on a proposed ballot initiative that would bar public funding for abortions and embryonic stem cell research.
The group Missouri Roundtable for Life is sponsoring the ballot question. They sued Secretary of State Robin Carnahan for the wording her office used, claiming it would bias voters against the measure.
But Circuit Court Judge Patricia Joyce disagreed.
Laura Egerdal is spokesperson for the Secretary of State's office.
St. Louis, MO – Missouri's two Senators appear split on whether or not the Obama administration should release information about intelligence gathered by the use of harsh interrogation tactics.
The administration released a Congressional report Monday that gives more detail about the techniques military interrogators used, which had approval from high-ranking officials in the Bush administration.
Jefferson City, Mo. – The Missouri House Budget Committee has rejected a proposal by Governor Jay Nixon to use federal stimulus money to attract more employers to the state.
The governor had wanted to use $200 million to set up two funds for business incentives.
But Republican House Budget Chairman Allen Icet only allotted $100 million to the plan, and Monday night that money was diverted to projects in the districts of budget committee members from both parties.
St. Louis, MO – St. Louis Mayor Francis Slay took the oath of office for a third term on Tuesday.
The mayor delivered his inaugural address in a ceremony in the rotunda at city hall. He began the speech with a plea for cooperation and a call to put aside what he called "old St. Louis fights".
The mayor laid out several ambitious goals including a return to local control for the St. Louis Police Department, combined governance of the region's airports and a push to make the city part of St. Louis County.