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Pyramid’s John Steffen facing fraud charges… again

John Steffen, former head of now-defunct Pyramid Construction, is again facing federal fraud charges for allegedly mishandling of Missouri Historic Tax Credits. Specifically, the charges say the funds in the amount of $827,000, were defrauded from the Business Bank.  The one-time Downtown St. Louis developer escaped unscathed from similar charges in late 2010, but prosecutors are bringing the issue back again.

via STLtoday.com

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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