The Colorado Attorney General office requested documents today filed by seven law firms in four Colorado counties, including El Paso County, that have been representing banks in foreclosure proceedings. “I have no idea what they’re looking for,” El Paso County Public Trustee Thomas Mowle said. The firms included the Vaden; Dale & Decker; Castle, Stawiarski; Hopp; [...] [...]
Financial planning and management consultants received the most consumer complaints last year, according to the Colorado attorney general’s office. That was followed by complaints about cable and satellite television utility providers, mail fraud, health and medical services and tanning salons. Consumers filed 7,297 complaints with the attorney general in 2011, a 12.9 percent increase over [...] [...]
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 ... [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
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 [...] [...]
by Associated Press Published: June 30,2011
Tags: fraud, mortgage
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 [...] [...]
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 [...] [...]
by Associated Press Published: May 5,2011
Tags: fraud, roofing
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 [...] [...]
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