Real Estate Investment Company Banned in MO

thumb_81c0586f0a1cfecMissouri Secretary of State Jason Kander shuts down a real estate company that reportedly sold phony investments for a quick-lube shop in Forsyth and housing properties in the Branson area.

Renee Goodman of Ozark and her company Investment Midwest reportedly told investors that the Forsyth quick-lube shop would generate a 100-percent return within one year. In total, Kander says Goodman took in more than 635-thousand dollars from investors for that project and others including a Waffle House, but directed only a portion of the money toward the projects, and spent the remainder on personal expenses.

Kander says one person invested more than 37-thousand dollars for an ownership stake in a Branson area home, and was convinced by Goodman to reinvest the principal in another home to be constructed on an adjacent lot. Kander says the Stone County Recorder of Deeds confirmed the original house never sold, and the second home was never built.

Kander points out that neither Goodman nor any of Investment Midwest’s offerings were registered with the state as required by law. His action to ban Goodman’s business begins the process of recovering investors’ money and imposing penalties.

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