Mon, Nov 09 2009
|
|
Published June 22, 2009 02:56 pm - JEFFERSON CITY, Mo. (AP) — Missouri’s secretary of state has issued a cease and desist order against a father and son and their company alleging they operated a real estate investment scheme that has cost investors in four states more than $1.7 million. Mo. accuses firm of real-estate scamJEFFERSON CITY, Mo. (AP) — Missouri’s secretary of state has issued a cease and desist order against a father and son and their company alleging they operated a real estate investment scheme that has cost investors in four states more than $1.7 million.
Secretary of State Robin Carnahan says Morris A. Bird Sr. and M. Allen Bird Jr. sold promissory notes and other investments by promoting annual returns of up to 54 percent. Carnahan’s order says the family owned Chaparral I LLC took money from investors and disbursed them among real estate ventures either controlled by or affiliated with the Bird family. Carnahan says Chaparral has generated no income and has no ability to repay the promissory notes. 
![comment on this story](http://community.cnhi.com/eve/ubb.x?a=dl&f=55410432
&x_id=local_story_173145614.html&x_subject=<img+src="+http://www.joplinglobeonline.com/images/zope/monday.gif"+border=0>++Mo.+accuses+firm+of+real-estate+scam&x_link=http://www.joplinglobe.com/dailybusiness/local_story_173145614.html)
•
Click to discuss this story with other readers on our forums.
More from the Business section
|
Print this story
E-mail this story
Post to del.icio.us
Watch the day's top business stories unfold
 |
 |
: Special Offer For New Subscribers :
 |
|||||
|
|||||
 |
|
|
Published by Newspaper Holding, Inc. 117 East Fourth Street, Joplin, MO 64801 Using our site is your agreement to the terms and conditions. News: news@joplinglobe.com • (417)623-3480 Advertise with the Joplin Globe Copyright © 2006 The Joplin Globe, Joplin, MO All rights reserved. 
|
Popular Business directory links - Joplin Apartments | Joplin Attorneys | Joplin Auto Dealers | Joplin Auto Parts | Joplin Auto Repair | Joplin Beauty Salons | Joplin Car Rental | Joplin Dentists | Joplin Doctors | Joplin Flowers | Joplin Hotels | Joplin Insurance | Joplin Loans | Joplin Mortgages | Joplin Movers | Joplin Pizza | Joplin Realtors | Joplin Restaurants | Joplin Storage | Joplin Tax Preparation | Joplin Travel | Joplin Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
![Add a comment on this story](http://www.joplinglobeonline.com/zope/add_comment.php?section_id=dailybusiness&story_id=local_story_173145614.html&headline=<img src=" http://www.joplinglobeonline.com/images/zope/monday.gif" border=0> Mo. accuses firm of real-estate scam&portal_url=http://www.joplinglobe.com&portal=joplinglobe){kind=link}