fraud

Investment fraud
4:56 pm
Fri July 22, 2011

Mo. Sec. of State warns of investment scams

(via Flickr/iChaz)

Missouri Secretary of State Robin Carnahan (D) is warning citizens to beware of several threats to those seeking to invest their savings.

Carnahan says one such threat is called affinity fraud, which is used to target church congregations, senior centers and social networking websites.

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Grain dealers bill signed
6:31 pm
Mon July 11, 2011

Mo. Gov. Nixon signs grain dealers measure into law

Gov. Jay Nixon signs legislation implementing new regulations for grain dealers in Missouri.
(Marshall Griffin/St. Louis Public Radio)

Governor Jay Nixon has signed into law legislation designed to protect Missouri farmers from dishonest or financially struggling grain dealers.

The measure comes out of what state officials call the largest grain fraud scheme in Missouri history:  Prosecutors charged Cathy Gieseker with defrauding 180 grain farmers out of at least $27 million as her business went under.  She pleaded guilty to one count of mail fraud and is now in prison.

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Steffen indictment
3:05 pm
Mon May 9, 2011

Former head of Pyramid Cos. re-indicted on fraud charges

The Metropolitan Building in Grand Center. John Steffen, the building's former owner, was re-indicted today on federal fraud charges connected to plans to redevelop the building.
(via Flickr/Paul Sableman)

The federal government has filed a new indictment against former St. Louis real estate mogul John Steffen for allegedly misusing funds he had promised as collateral for a bank loan.

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