Medical Marijuana

Securities division orders medical marijuana company to pay back Missouri investors

Secretary of State Jay Ashcroft’s Securities Division issued a consent order against Green Clinic, LLC, after selling unregistered, non-exempt securities to Missouri residents. Green Clinic was established in response to the November 2018 Missouri constitutional amendment creating the Missouri Medical Marijuana Program.   From November 2018 to November 2019, Green Clinic sold $520,000 of unregistered securities […]

Fraud News Graphic

Missouri man defrauds St. Louis residents out of $81,000

Secretary of State Jay Ashcroft’s Securities Division is seeking penalties and restitution from a Missouri man and his Chesterfield-based company after St. Louis residents were allegedly defrauded out of $81,000.    Between January 2017 and June 2018, Loy Dennis Maxey and his company, Fresh Start Credit Services, LLC, allegedly sold promissory notes and misappropriated a […]

Missouri Secretary of State John Ashcroft website

Missouri Secretary of State seeks $125,000 in penalties after company allegedly defrauds investors

The Missouri Secretary of State, Securities Division ordered Cryotherm USA, Inc., John (Jianxin) Wang, and Dennis R. Di Ricco to cease and desist after allegedly issuing more than $2 million in unregistered, non-exempt promissory notes. Between December 1, 2015, and October 31, 2020, the Florida-based Cryotherm USA allegedly sold the promissory notes through a Las Vegas, […]

Investigation

Securities Division seeks repayment from agent who allegedly swindled nearly $60K from investor

Secretary of State Jay Ashcroft’s Securities Division ordered Imani Butler to show cause why restitution and civil penalties should not be paid after he allegedly misled a St. Louis-area investor and misappropriated funds for his own benefit. Between August 2015 and April 2016, Butler allegedly collected at least $59,550 in investments in the form of […]

North Central Missouri Development Alliance website

Micah Landes resigns from North Central Missouri Development Alliance

The North Central Missouri Development Alliance Board of Directors has accepted the resignation of Executive Director Micah Landes. Landes’s last day will be March 5th. She served in the role for approximately three and a half years. Landes says she accepted a position with Evergy. NCMDA Board Chairman Phillip Ray says the board will actively […]

Farm Scene

Land values in Missouri continue to grow, according to annual survey of farmers, appraisers and ag lenders

All classes of Missouri land values grew steadily in the past year, according to the University of Missouri Extension’s annual survey of farmers, rural appraisers, and agricultural lenders. Ray Massey, MU Extension agricultural economics professor, heads the survey efforts. No governmental or public agencies in Missouri require the reporting of land values, said Massey. Despite […]

Coronavirus or COVID-19 Scams graphic

CEO of medical device company charged in COVID-19 related fraud scheme

The chief executive officer of a California-based medical device company was indicted by a federal grand jury in connection with an alleged scheme to defraud investors by making false and misleading statements about the purported development of a new COVID-19 test, leading to millions of dollars in investor losses.  Keith Berman, 67, the CEO of […]