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Missouri takes action against alleged Ponzi scam
St. Louis Business Journal - 6.22.09 - More than $800,000 of investor funds were disbursed among real estate ventures that the Bird family controlled or were affiliated with, according to the securities division of Secretary of State Robin Carnahan’s office...Investigators also believe that some early investors received interest payments from funds belonging to subsequent investors, a trademark of Ponzi schemes. Carnahan Targets Real Estate Scheme
Fox2 St. Louis - 6.22.09 - Missouri's secretary of state has issued a cease and desist order against a father and son and their company alleging they operated a real estate investment scheme that has cost investors in four states more than $1.7 million....Carnahan's order says the family owned Chaparral I LLC took money from investors and disbursed them among real estate ventures either controlled by or affiliated with the Bird family. Robin Carnahan stops by Kirksville
KTVO 3 - 6.14.09 - Missouri Secretary of State Robin Carnahan made a visit to the heartland earlier this week… "We need to be able to streamline the activities of government and target things that we need like health care and like creating new fuels for the future," Carnahan said… |
ABOUT ROBIN
Getting to Know Robin
Robin Carnahan was elected Missouri Secretary of State in 2004 and re-elected in 2008 with more votes than any candidate in Missouri history. As Secretary of State, Carnahan has focused on protecting consumers, cracking down on financial fraud, cutting costs and red-tape for businesses, and safeguarding the integrity of elections. |