Political appointments, campaign contributions and secret casino investments make this worth watching for its unfolding drama. Excerpts below, worth reading in its entirety:
Missouri insurer is clouded by trouble, questions
BY JIM DOYLE STLtoday.com
A former director of Missouri Employers Mutual Insurance Co. was indicted in March for embezzlement. Another director was indicted in April for bank fraud, then indicted again this week for another fraud involving a failed casino deal.
The theft and fraud charges against the directors involve alleged crimes against outside organizations and people - a bank, a university and would-be casino financiers - but the pair nonetheless held sensitive leadership positions at Missouri Employers ...
Asked about the company's troubles and his ties to its board, Nixon declined to comment through a spokesman. The company, three of its directors and their relatives have donated at least $32,000 to Nixon's campaign coffers.
Morgan's troubles were compounded Thursday with another fraud indictment, this one accusing him of conning four of his friends out of business loans totaling $2 million - then diverting the money for personal use. Morgan, federal prosecutors say, solicited loans from at least two friends by claiming he was a secret partner in a casino project at Spanish Lake, which has since failed.
....government records indicate that Missouri Employers Mutual is in fact an active player in state politics. In 2008, the insurance company donated $4,000 to Nixon's campaign for governor. From 2003 through 2010, it donated $9,541.50 to the Missouri Insurance Coalition, a political action committee that supported Nixon and other state lawmakers. According to Missouri Ethics Commission records, the insurance firm retains two registered lobbyists: Scott Swain and Steven Millikan.
Missouri insurer is clouded by trouble, questions
BY JIM DOYLE STLtoday.com
A former director of Missouri Employers Mutual Insurance Co. was indicted in March for embezzlement. Another director was indicted in April for bank fraud, then indicted again this week for another fraud involving a failed casino deal.
The theft and fraud charges against the directors involve alleged crimes against outside organizations and people - a bank, a university and would-be casino financiers - but the pair nonetheless held sensitive leadership positions at Missouri Employers ...
Asked about the company's troubles and his ties to its board, Nixon declined to comment through a spokesman. The company, three of its directors and their relatives have donated at least $32,000 to Nixon's campaign coffers.
Morgan's troubles were compounded Thursday with another fraud indictment, this one accusing him of conning four of his friends out of business loans totaling $2 million - then diverting the money for personal use. Morgan, federal prosecutors say, solicited loans from at least two friends by claiming he was a secret partner in a casino project at Spanish Lake, which has since failed.
....government records indicate that Missouri Employers Mutual is in fact an active player in state politics. In 2008, the insurance company donated $4,000 to Nixon's campaign for governor. From 2003 through 2010, it donated $9,541.50 to the Missouri Insurance Coalition, a political action committee that supported Nixon and other state lawmakers. According to Missouri Ethics Commission records, the insurance firm retains two registered lobbyists: Scott Swain and Steven Millikan.
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