Missouri's Attorney General accuses a person of defrauding people in the Lakes Region.
The complete release is below from the Missouri Attorney General's office:
Missouri Attorney General Andrew Bailey announced today that his office filed charges against David V. Lott, 67, for allegedly defrauding investors in connection with his business, Missouri Holding Group, Inc. In Taney County, Lott faces three counts of securities fraud and one count of stealing. In Stone County, Lott faces two counts of securities fraud, two counts of stealing, and two counts of financial exploitation of an elderly person.
“As Attorney General, I will enforce the laws as written, which includes holding those who take advantage of innocent Missourians accountable,” said Attorney General Bailey. “We will continue to use every tool at our disposal to obtain justice for any Missourian who has been ripped off.”
The charges allege that Lott, through his business, sold investment contracts that falsely promised high investment yields with quick return times. Lott did not invest client funds, instead using them to fund his other business ventures and pay for personal expenses. The victim loss in this case is $1,120,000.
Investors who believe they may have been scammed by David Lott or other fraudulent investments should file a complaint with the Missouri Attorney General’s Office by calling the Consumer Protection hotline at 800-392-8222.
Attorney General Bailey reminds the public that the charges against David Lott are allegations and, as in all criminal cases, the defendant is presumed innocent unless or until proven guilty in a court of law.