Carnahan Cites St. Peters Financial Firm

5 years 4 months 1 week ago Tuesday, December 11 2012 Dec 11, 2012 Tuesday, December 11, 2012 11:13:00 AM CST December 11, 2012 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 - The People for Ethical treatment of Animals, PETA, protested Tuesday against animal research on MU's campus. Organizer... More >>
1 hour ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 5:01:00 PM CDT April 24, 2018 in News
MISSOURI - A new report from the Violence Policy Center, a non-profit group advocating for gun control, shows that Missouri... More >>
3 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 2:53:00 PM CDT April 24, 2018 in News
ASHLAND - As prom season begins, Rock Bridge High School said it will be breathalyzing its students upon entry to... More >>
3 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 2:04:00 PM CDT April 24, 2018 in News
ST. LOUIS — The legal battle between lawyers from Missouri Gov. Eric Greitens and St. Louis prosecutors is escalating, with... More >>
4 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 1:19:00 PM CDT April 24, 2018 in News
COLUMBIA - As prom and graduation seasons approach, underage drinking has become a hot topic in schools and amongst the... More >>
5 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 12:24:00 PM CDT April 24, 2018 in News
COLUMBIA - Boone County deputies arrested a man on Monday after he allegedly tried to meet up with who he... More >>
9 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 9:01:30 AM CDT April 24, 2018 in News
COLUMBIA - The Central Missouri Humane Society is celebrating its 75th anniversary, but its leadership isn't content with where the... More >>
9 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 8:44:00 AM CDT April 24, 2018 in News
COLUMBIA - On Monday, more than 100 volunteers began the week-long effort to deliver more than 5,700 meals to raise... More >>
10 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 7:04:00 AM CDT April 24, 2018 in News
COLUMBIA – The Columbia City Council met Monday night in a work session to discuss ways to improve Columbia's water... More >>
22 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 8:00:00 PM CDT April 23, 2018 in Top Stories
COLUMBIA – Hundreds gathered at the first ever Japanese Spring Festival on MU’s campus Monday afternoon. Student Momoko Tamamura came... More >>
22 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 7:21:00 PM CDT April 23, 2018 in Top Stories
JEFFERSON CITY – One local woman is reflecting on her decision to vote for President Donald Trump after some have... More >>
23 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 7:00:00 PM CDT April 23, 2018 in Top Stories
ST. LOUIS (AP) — The law firm representing the ex-husband of the woman who had an affair with Missouri... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:45:00 PM CDT April 23, 2018 in Continuous News
JEFFERSON CITY (AP) — A Democratic Missouri state lawmaker says he won't step down despite facing backlash for repeatedly calling... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:21:20 PM CDT April 23, 2018 in Continuous News
COLUMBIA - MU staff members spent Monday afternoon discussing how the university could become Columbia's "employer of choice" again with... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:05:00 PM CDT April 23, 2018 in News
COLUMBIA - Residents moving into the Lynn Street Cottages in Columbia not only obtain four new walls, they also receive... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 4:14:00 PM CDT April 23, 2018 in News
COLUMBIA - Students at Rock Bridge High School will be attending prom this weekend, and for the first time ever,... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 4:13:00 PM CDT April 23, 2018 in Continuous News
JOPLIN - An EF-5 tornado struck the city of Joplin on May 22, 2011. The next day Jeff Neal, a... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 3:29:00 PM CDT April 23, 2018 in News
JEFFERSON CITY – Tax reform in Missouri is one step closer to becoming a reality. The Missouri House Ways... More >>
1 day ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:56:00 PM CDT April 23, 2018 in News
Columbia, MO
Broken Clouds 75°
6pm 72°
7pm 70°
8pm 68°
9pm 66°