JEFFERSON CITY | The Missouri secretary of state is seeking penalties from a Kansas City man accused of offering illegal investment advice to a lottery winner.
The secretary of state’s office says Glenn Boxwell promised the winner of a $164,000 lottery prize that the money could earn a 3 percent per month return by investing in stocks and Boxwell’s company. The lottery winner invested $21,000 in 2006 and has not received any money.
A spokesman for the secretary of state’s office said Monday the investigation is ongoing and declined to name the lottery winner. A phone number registered to Boxwell has been disconnected.
Boxwell is accused of opening a bank account with the investment and writing $14,000 in checks to “cash” and more than $5,000 in checks to himself.