Colorado is part of a $56.75 million multi-state settlement with Wells Fargo to settle allegations related to municipal bond derivatives.
The suit alleges misconduct by people working at Wachovia, which Wells Fargo acquired in 2008, and says those people engaged in anti-competitive conduct in the municipal bond derivatives industry.
The settlement is a component of a $148 [...] [...]
Regent Asset Management Solutions and its CEO Michael Scata are banned from engaging in the unlicensed collection of debt in Colorado after allegedly violating the state’s fair debt laws.
The court order also requires that Regent pay the state $70,000 in civil penalties for its violation of the Colorado Consumer Protection Act.
The order stems from a [...] [...]
Colorado has won a $590,000 judgment against a Florida company that failed to register its debt management services in the state.
Colorado’s Attorney General John Suthers filed a lawsuit against Enhanced Servicing Solutions, an Orlando, Fla.-based firm, and its president, Thomas Roland, in June saying the company failed to register with the state of Colorado to [...] [...]
Colorado is part of a $92 million multi-state settlement with JPMorgan Chase to settle allegations that people working for subsidiaries of the financial holding company engaged in anti-competitive conduct in the municipal bond derivatives industry.
The settlement is one component of a $228 million coordinated law enforcement and regulatory action, involving the Department of Justice, the [...] [...]
A Mesa County District Court has sentenced a man to 11 years and three months in the Colorado Department of Corrections for his role in a national check fraud ring, according to Colorado Attorney General John Suthers.
Salvador Ramirez was accused of being part of a check fraud ring that used shell corporations Mount Rocky Logistics [...] [...]
A Denver jury has convicted John Reinholdt II of violating the Colorado Organized Crime Control Act, a class-two felony.
Reinholdt was also convicted of conspiracy to violate the same act, another class-two felony, for his part in perpetrating a commercial Ponzi scheme using Lafayette-based business entities to defraud commercial lenders from Colorado and Arizona.
The jury also [...] [...]
The Colorado Attorney General’s office, and the Northern Colorado Drug Task Force have shut down a marijuana-distribution ring.
The drug ring was using state-issued medical marijuana records to conceal its distribution of large quantities of marijuana to non-patients in northern Colorado and New Mexico between December 2009 and December 2010.
According to the indictment obtained by the [...] [...]
The Colorado Attorney General has filed a counterclaim lawsuit against a series of Illinois and New York companies, accusing them of engaging in deceptive trade practices and unlicensed lending.
John Suthers said the companies, which offer “settlement advances” for lawsuits, are a “growing issue in Colorado. Despite their labeling and assurances to the contrary, these companies [...] [...]
Colorado will receive more than $210,000 as part of a settlement with Elan Corp. to resolve allegations the company improperly marketed its anti-epileptic drug Zonegran for off-label uses, said Attorney General John Suthers.
Colorado’s share is part of a $101 million settlement that resolves allegations that Ireland-based Elan promoted the sale and use of the drug [...] [...]
Colorado will receive more than $210,000 as part of a settlement with Ireland-based Elan Corp.
This settlement is to resolve allegations that Elan – through subsidiary Elan Pharmaceuticals – improperly marketed its anti-epileptic, anti-seizure drug Zonegran for off-label uses. The state’s portion is part of a $101 million settlement against Elan and its subsidiary for promoting [...] [...]
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