St. Louis – A Florida man has pleaded guilty to impersonating clients of a St. Louis brokerage firm in order to steal proceeds from their stock holdings.
Thirty five-year-old Christopher Maury admitted to fraudulent obtaining the information of Scottrade clients. Maury would then call the company and convince Scottrade employees to liquidate stocks of the customer he was impersonating. The proceeds would go to a bank account Maury controlled in Florida.
St. Louis – Midwestern farmers enjoyed bumper crops and high commodity prices in the last few years, but organizers of this year's Farm Aid concert in St. Louis say their advocacy work on behalf of family-run farms remains vital.
Executive Director Carolyn Mugar said people should not think of farmers as needy. She said most of the money Farm Aid raises goes to lobbying efforts and education, especially through the group's website.
Springfield, Ill. – Illinois Governor Pat Quinn settled for less than he wanted in a new state budget. However he signed the spending plan into law Wednesday night, a move that will ensure thousands of state workers get paid.
More than 5,000 employee paychecks were delayed this week as the state had no spending authority. Now that a budget is in place, they're expected to have checks hand delivered to them at work today.
St. Louis, MO – A report commissioned by the St. Louis Board of Police Commissioners has found that racism did not factor in the termination of several black cadets from the police academy.
The investigation was ordered after complaints by several cadets alleged that black cadets are routinely terminated for minor infractions, such as not having polished shoes, or not having a pencil during class.
Gerry Carmody of the law firm Carmody-MacDonald led the investigation.
St. Louis – There's plenty of blame to go around when it comes to foreclosures. But one point comes up again and again. In the go-go years of the housing bubble, borrowers forgot the basic rules of how to manage their money and credit. And lenders took advantage of that situation.
As part of the KWMU series "Facing the Mortgage Crisis," Repps Hudson prepared this report on financial literacy.