Feds seek forfeiture in $10M Missouri investment scheme

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

KANSAS CITY, Mo. (AP) – The federal government has filed a civil lawsuit seeking the property forfeiture of a Missouri business owner who was under investigation for a $10 million investment fraud scheme before he killed himself last year.

Acting U.S. Attorney Tom Larson of the Western District of Missouri says in a news release that the complaint unsealed Friday alleges Mark Sellers stole millions from about 100 investors through his firm, Selden Companies, LLC, from December 2007 through at least 2015.

The lawsuit alleges Sellers committed mail fraud, wire fraud and bank fraud.

It seeks forfeiture of his former home in Kansas City, Mo., a 2014 Porsche and 77 pieces of jewelry seized by law enforcement. It also seeks the proceeds of five insurance policies cashed with death benefits totaling $6 million.

FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.


Latest News

More News