The state says a Lee’s Summit commodities fund trader has lost as much as $724,000 of his investors’ money. That’s why the state securities commissioner has ordered Richard Joseph Gumerman to close his business. State officials say Gumerman has said he has borrowed money from the fund for personal expenses. A news letter last March said the fund that once had almost $950,000 in it was down to $10,000, and had dropped to $5,000 in September.
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