Carnahan Cites St. Peters Financial Firm

4 years 3 months 2 weeks ago December 11, 2012 Dec 11, 2012 Tuesday, December 11 2012 Tuesday, December 11, 2012 11:13:00 AM CST in News
By: Associated Press

ST. PETERS (AP) - Missouri Secretary of State Robin Carnahan has issued a cease and desist order against a suburban St. Louis financial company, alleging at least five investors lost more than $800,000 through a scam.

Carnahan announced the action Tuesday against Michael Kitchen of St. Peters and his company, PIF Financial Services, along with others involved in the company.

Kitchen does not have a listed phone number. The company's phones have been disconnected.

Carnahan says PIF assured investors that a high-yield investment program was risk-free. She says one of the investors, an 80-year-old from St. Joseph, invested $100,000 and received no return on the investment.

Carnahan's order alleges that PIF, Kitchen and his associates sold unregistered securities, and it alleges securities fraud.

Kitchen has not been charged in a criminal complaint.

 

More News

Grid
List
COLUMBIA - Prosecutors have charged Darold Pruitt with second-degree murder in last week's deadly shooting on Madison Drive. He... More >>
25 minutes ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 2:59:00 PM CDT in News
COLUMBIA - Some Missouri groups want to reinstate mandatory country-of-origin labeling (COOL) for meat products following a sanitation scandal involving... More >>
1 hour ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 1:26:00 PM CDT in News
KANSAS CITY, Mo . (AP) — Students at a Kansas City-area high school are being evacuated as authorities investigate a... More >>
3 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 11:43:48 AM CDT in News
COLUMBIA - A Columbia man was arrested Sunday evening on suspicion of first-degree burglary. CPD officers were dispatched to... More >>
16 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:28:00 PM CDT in Top Stories
COLUMBIA - Columbia police arrested a man Sunday morning after he allegedly shot multiple rounds from his gun near the... More >>
19 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 7:25:00 PM CDT in Top Stories
COLUMBIA - The Columbia Police Department said a second victim in a Sunday shooting on I-70 Drive NW is dead.... More >>
23 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 4:18:00 PM CDT in Top Stories
COLUMBIA - During his time as athletic director at the University of Missouri Mike Alden oversaw a little bit of... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 2:35:00 PM CDT in Sports
ST. LOUIS (AP) — About 1,000 of St. Louis' delinquent properties are expected to face the wrecking ball to create... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 1:13:10 PM CDT in News
OZARK, Mo . (AP) — A southwestern Missouri man is accused of sexual misconduct involving a teenager who investigators say... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 12:20:00 PM CDT in Continuous News
FORSYTH, Mo . (AP) — Authorities said a southern Missouri man told investigators he was either sleepwalking or dreaming when... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:25:00 AM CDT in News
COLUMBIA - Officers said a suspect is on the run after a robbery at an Extended Stay America Saturday night.... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:39:11 PM CDT in News
COLUMBIA - A hearing for Sturgeon Police Chief Greg Halderman will take place on Monday. On the week of... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 7:16:00 PM CDT in News
LINN - State Technical College in Linn opened up its campus to recruit prospective students and to show off what... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:49:00 PM CDT in News
UPDATED 3/27/17 10:53 a.m. The Boone County Sheriff's Department notified the Moniteau County Sheriff's Department of a missing person.... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:37:00 PM CDT in News
ST. LOUIS (AP) — Two men each are jailed on $750,000 bond after being accused in connection with the St.... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 3:38:00 PM CDT in News
COLUMBIA - Two semi trucks and two cars were part of a wreck Saturday that closed westbound I-70. The... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 3:23:00 PM CDT in Top Stories
JEFFERSON CITY, Mo. (AP) — The Republican-led Missouri Legislature will get back to a business-friendly agenda when it returns from... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 12:35:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis man has been sentenced to life in prison without the possibility of parole... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:54:00 AM CDT in News
Columbia, MO
Broken Clouds 54°
4pm 55°
5pm 55°
6pm 55°
7pm 54°

Select a station to view its upcoming schedule:

Coming Up Next

3:00p
Dr. Phil
4:00p
Jeopardy!
4:30p
Jeopardy!
3:00p
The Robert Irvine Show
4:00p
Cops Reloaded
4:30p
The Cleveland Show

Tonight's Schedule

7:00p
The Voice
9:01p
Taken
7:00p
Supergirl
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld