Cape Girardeau insurance agent under investigation

Cape Girardeau insurance agent under investigation

CAPE GIRARDEAU, MO (KFVS) - Missouri Secretary of State Jason Kander has prohibited a Cape Girardeau insurance agent from selling investments.

Kander identified the suspect as 44-year-old Manzur Ahmed Mazumder. Kander says Mazumder is accused of fraud.

Kander says the suspect's firm, MSM Holdings, promised someone six figure profits and a lucrative tax write-off, but lost more than $241,000 of that investor's money.

Kander also says the suspect encouraged the victim to get the money through risky strategies like cash advances on credit cards, liquidating an IRA, and withdrawing money from personal savings.

Kander's office is seeking restitution for the victim's losses and civil penalties to deter further wrongdoing.

A local landlord also says he is out more than $22,000 in back rent from Mazumder. The landlord says he rented to him from February to September before evicting him. The landlord says he plans to file a suit against Mazumder.

The Secretary of State's office says if you had any dealings with Mazumder, they want to hear from you. They are putting together a case against him.

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