Carnahan Cites St. Peters Financial Firm

3 years ago December 11, 2012 Dec 11, 2012 Tuesday, December 11 2012 Tuesday, December 11, 2012 11:13:55 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 - Boone Hospital Nifong Medical Plaza opened its doors for the first time Monday in south Columbia. The... More >>
2 days ago February 05, 2016 Feb 5, 2016 Friday, February 05 2016 Friday, February 05, 2016 6:31:07 PM CST in Continuous News
ST. LOUIS (AP) — Federal agents in St. Louis say security cameras helped lead to the arrest of a serial... More >>
59 minutes ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 7:23:36 AM CST in Continuous News
SPRINGFIELD (AP) — Authorities are investigating a fatal shooting in southwest Missouri. Police said in a news release... More >>
1 hour ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 7:18:42 AM CST in Continuous News
KIRKWOOD (AP) — A Rock Hill police officer has been taken to a hospital after being struck by a vehicle.... More >>
1 hour ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 7:15:55 AM CST in Continuous News
KANSAS CITY (AP) — A 29-year-old man accused in the January shooting death of another man in Kansas City has... More >>
3 hours ago February 08, 2016 Feb 8, 2016 Monday, February 08 2016 Monday, February 08, 2016 5:20:17 AM CST in Continuous News
FULTON - The Callaway County Sheriff's Office arrested a man early Sunday morning after actively seeking him for two warrants... More >>
12 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 7:25:50 PM CST in Continuous News
JEFFERSON CITY - Ranked 47th in the nation by Business Insider, Missouri’s seemingly stagnant economy has been a talking point... More >>
13 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 7:16:13 PM CST in Continuous News
KIRKWOOD, Mo. (AP) — A St. Louis area police officer has been hospitalized after being hit by a car. ... More >>
14 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 5:41:49 PM CST in Continuous News
COLUMBIA - Grocery stores see an increase in customers during Super Bowl weekend. The National Retail Federation reports total customer... More >>
15 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 4:51:48 PM CST in Continuous News
RAYTOWN, Mo. (AP) — An early morning fire in a Kansas City area apartment has killed a child and injured... More >>
17 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 3:01:02 PM CST in Continuous News
ST. LOUIS (AP) — The new leader of the Missouri State NAACP says he plans to build a younger, more... More >>
17 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 2:47:03 PM CST in Continuous News
JEFFERSON CITY (AP) — A Jefferson City man has b een placed on unsupervised probation after he pleaded guilty to... More >>
18 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:37:31 PM CST in Continuous News
ST. LOUIS (AP) — A second-floor porch in St. Louis collapsed, injuring five people, two seriously. Fire Department Capt.... More >>
18 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:31:14 PM CST in Continuous News
JEFFERSON CITY (AP) — Missouri state Rep. Genise Montecillo is talking about her suicide attempt in hopes of helping others... More >>
19 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:22:48 PM CST in Continuous News
COLUMBIA - Some Columbia pizza companies deliver hundreds of pizza on Superbowl Sunday with as few as three drivers. ... More >>
19 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 1:07:46 PM CST in Continuous News
COLUMBIA - Columbia police arrested two men Sunday for stealing from West Middle School. Officers along with a CPD... More >>
20 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 12:00:28 PM CST in Continuous News
COLUMBIA - Columbia police confirmed reports of shots fired in north Columbia early Sunday morning. Officers were dispatched to... More >>
20 hours ago February 07, 2016 Feb 7, 2016 Sunday, February 07 2016 Sunday, February 07, 2016 11:35:02 AM CST in Continuous News
COLUMBIA - The third annual Black Men Rock event at Columbia College honored leaders in the black community Saturday afternoon.... More >>
1 day ago February 06, 2016 Feb 6, 2016 Saturday, February 06 2016 Saturday, February 06, 2016 6:54:12 PM CST in Continuous News
Interactive Radar Columbia, MO
Broken Clouds 27°
9am 27°
10am 28°
11am 28°
12pm 27°
Select a station to view its upcoming show schedule: KOMU 8 CW Mid-Missouri's CW

Coming Up Next

7:00 amToday
11:00 amRachael Ray
12:00 pmKOMU 8 News @ Noon

Tonight's Schedule

7:00 pmSuperstore
7:30 pmTelenovela
8:00 pmThe Biggest Loser

Coming Up Next

8:00 amThe Steve Wilkos Show
9:00 amThe Steve Wilkos Show
10:00 amCrazy Talk

Tonight's Schedule

7:00 pmCrazy Ex-Girlfriend
8:00 pmJane the Virgin
9:00 pmKOMU 8 News @ Nine on The CW
9:30 pmSeinfeld