The Secretary of State of Missouri, Jason Kander, shut down a scheme to defraud members of the military in St. Louis. A cease and desist order alleged that Michael and Shannon Burke operated a scam from September 2009. Allegedly, the Burkes convinced three individuals to invest $9,500 in penny stock trades and promised them high returns. Instead, the Burke’s used the money at restaurants, convenience stores and utility companies. They even went so far as to make up fake spreadsheets that showed the investors how their investments were doing. Another investor who invested $5,000 was promised $100,000 within two months. If you invested money with Michael or Shannon Burke, please call our securities law firm at 312-332-4200 to speak to an attorney for free. There is no obligation. We may be able to help you recover your financial losses.
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