by Monica Mendoza Published: January 20,2012
Tags: forensic accounting, fraud
Stories of Enron and Bernie Madoff’s financial frauds and scheming grab headlines, but small businesses across the country are quietly being ripped off to the tune of millions every year ... [...]
by Amy Gillentine Published: December 29,2011
Tags: anticompetive, Attorney General, Colorado, fraud, settlement
Colorado is part of a $34.5 million multi-state settlement with GE Funding Capital Market Services, according to the state’s attorney general’s office. The settlement involved allegations that the company engaged in anticompetitive conduct in the municipal bond derivatives industry, said Attorney General John Suthers. The settlement is a component of a $70 million coordinated state and [...] [...]
by Staff Writer Published: December 12,2011
Tags: Colorado Department of Health and Environment, fraud, medical marijuana
More than 4,200 medical marijuana applications have been delayed while the state Department of Health investigates fraudulent physician certification forms. The forms were received between Sept. 5 and Dec. 5 of this year, the department said. The inquiry came from the police, who were present in two locations where applicants were being seen by someone other than [...] [...]
by Staff Writer Published: October 7,2011
Tags: Attorney General John Suthers, fraud, magazine subscriptions
A series of Denver, Lakewood, Littleton and Wheatridge magazine-sales telemarketing companies are being sued by the state’s attorney general. John Suthers claims the companies deceived and defrauded consumers in Colorado. “There is strong evidence that these companies and individuals preyed on the elderly and consumers with cognitive disabilities – society’s most vulnerable,” he said. “Businesses whose business [...] [...]
by Amy Gillentine Published: June 30,2011
Tags: Division of Insurance, fine, fraud, Salies Kwann Perry, Thornton
An administrative law judge has fined a former Thornton man $1.2 million for violating Colorado insurance law, one of the largest in state history handed down to an insurance agent, according to the Division of Insurance. Salies Kwann Perry was also fined $4,678.47 in restitution for Bankers Life and Casualty Company. Perry is accused of committing [...] [...]
An executive convicted of orchestrating a $3 billion fraud as chairman of one of America’s largest private mortgage companies has been sentenced to 30 years in prison. Federal prosecutors in Virginia had sought a life sentence on Thursday for Lee B. Farkas, former chairman of Florida-based Taylor Bean & Whitaker. They called the case against him [...] [...]
It’s getting personal now. In a shift still evolving, federal enforcers are targeting individual executives in health care fraud cases that used to be aimed at impersonal corporations. The new tactic is raising the anxiety level — and risks — for corporate honchos at drug companies, medical device manufacturers, nursing home chains and other major health [...] [...]
A Denver District Court judge has ordered a roofing company accused of taking payment but not performing work on Colorado Springs and Denver homes to pay $1.7 million in restitution fines. In addition to the $1.7 million, Glenn Jessen, the former president of Claim Specialists International, must pay more than$4.2 million in civil penalties and more than [...] [...]
by Associated Press Published: December 7,2010
Tags: fraud
A nationwide law enforcement crackdown targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 billion in estimated losses, Attorney General Eric Holder announced Monday. “Operation Broken Trust” is the first national effort of its kind aimed at a broad array of investment fraud schemes and the 3 1/2-month campaign was organized by [...] [...]
by Becky Hurley Published: October 8,2010
Tags: fraud, Hoffman, Woodmoor Pines
Members of the Woodmoor Pines Golf and Country Club near Monument consider the club to be their neighborhood’s crown jewel, a recreational gathering spot that’s near and dear to their hearts and their property values. So it’s no surprise that in 2008, when it faced financial straits for the second time in recent years, some of [...] [...]
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