Nearly $500K lost in investment scam

News

The Missouri Secretary of State has ordered Adam Sharp and his companies including Social Automotive Management Services to cease and desist investment operations.

Workers allege Sharp colelcted $470,000, telling investors it would fund a car shopping app, but instead spent the money on himself.

So far, 22 investors have been identified from Missouri, Arkansas, Texas and Louisiana.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories