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An indictment unsealed Thursday in the U.S. Court for the Southern District of New York alleges the strip mall's owner used a “sham company” to attempt to lure a rush of investors that would artificially inflate the property's value and potentially make him millions.
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The strip mall has shown signs of neglect and mismanagement in recent years. Now, the U.S. Securities and Exchange Commission charged the owners for allegedly engaging in a scheme to "misappropriate" more than $35 million in investor funds.
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Updated 12:41 p.m.Illinois is settling a federal securities-fraud charge that it misled investors about the health of its pension system.Gov. Pat Quinn's…
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On the football schedule at least, the University of Missouri is officially a member of the Southeastern Conference.Though Mizzou does not officially join…
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University of Missouri-Columbia Chancellor Brady Deaton says state funding cuts played a role in his decision to move the school from the Big 12 to the…
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University of Missouri joins SECThe University of Missouri was officially accepted into the Southeastern Conference Sunday. SEC Presidents and Chancellors…
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Updated with quotes from press conference. Reporting from KBIA's Ryan Faumuliner, Kaveh Kaghazi and Chris McDaniel was used in this story.After months of…
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Reporting by KBIA's Ryan Famuliner was used in this report.The University of Missouri is officially looking to leave the Big 12 Conference.The system's…
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This article first appeared in the St. Louis Beacon, Dec. 19, 2008 - As details of financial shenanigans perpetrated by fallen Wall Street gurus become…