DENVER—The Colorado Attorney General’s Office announced that the statewide grand jury has issued a 37-count indictment against six family members for using their status in the real estate industry to perpetrate a fraud-for-profit mortgage fraud scheme. The family is accused of manipulating “straw buyers” to buy and sell properties destined for foreclosure.
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DENVER—Colorado Attorney General John Suthers today announced that Sang Leaming owner of Tobacco King will pay $100,000 for selling “spice” products that contained synthetic cannabinoids and which are illegal under Colorado law. Tobacco King sold products that were deceptively labeled and failed to disclose that they were illegal as well as harmful. The terms of the Consent Judgment impose the nation’s largest-ever civil fine for selling Spice products against a single store.
DENVER—Denver District Court Judge Robert McGahey ordered Sea to Ski Vacations and its owners Andrew Wunder, Bethany Wunder, Christian Wunder, and Stephen Wunder, (a/k/a Mark Dutell, Stephen Andrews, Michael Miller, Andrew Stephens, and Bethany Gonsowski), to pay more than $7.0 million in penalties and restitution to consumers for violations of the Colorado Consumer Protection Act. Additionally, Judge McGahey prohibited the Wunders from owning, managing, or operating travel-related businesses again because of their deceptive business practices.
DENVER—Colorado Attorney General John Suthers today announced that after being convicted of two counts of securities fraud, Jeffory Shields (D.O.B. 10/01/1964) was sentenced to serve an eight-year prison sentence and pay $5,659,088 in restitution. In February 2013, the office announced that Shields was indicted for soliciting 21 investors from 13 states to invest in fraudulent exploration and drilling of oil and gas wells.
42 State Attorneys General Allege Pfizer’s Off-Label Marketing Violated FDA Warning
DENVER—The Colorado Attorney General’s Office joined with 13 state attorneys general and the Consumer Financial Protection Bureau to secure approximately $92 million total in debt relief from Rome Finance, which also did businesses as Colfax Capital Corporation and Culver Capital, LLC, for approximately 17,000 U.S. service members and other consumers harmed by the company’s predatory lending scheme. In Colorado, 740 service members will benefit from the consent order.
DENVER— In recognition of National Military Consumer Protection Day July 16, the Consumer Protection Section of the Colorado Attorney General’s Office unveiled its list of the top military consumer complaints gathered during the second quarter of 2014. Unfortunately, service members are an attractive target for scam artists because they face a number of demands on their time and resources, including deployments. Since March 1, 2014, the Consumer Protection Section received 156 reports of fraud from consumers who voluntarily selected their military affiliation.
DENVER—Colorado Attorney General John Suthers today announced a $550 million nationwide state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to remedy mortgage origination, servicing, and foreclosure abuses. To resolve past SunTrust abuses, some Colorado borrowers are now eligible for $4,448,533 in principal reduction loan modifications, refinancing for underwater mortgages, foreclosure payments and other relief.
DENVER —Colorado Attorney General John Suthers banded with 44 other state attorneys general today to announce a $105 million consumer protection settlement with GlaxoSmithKline, LLC (NYSE: GSK) to resolve allegations that the company unlawfully promoted its asthma drug, Advair®, and antidepressant drugs, Paxil® and Wellbutrin®.
DENVER – Based on a joint investigation with the National Insurance Crime Bureau, the Colorado Attorney General’s Office Insurance Fraud Unit today announced that Chiniece Carter (D.O.B. 11/24/86) pled guilty to stealing hundreds of thousands of dollars from numerous insurance companies by filing fraudulent claims. She will be sentenced in Denver District Court on August 1, 2014 for violating the Colorado Organized Crime Control Act (COCCA) as well as committing forgery and theft and faces a 16-year sentence in the Department of Corrections.
Ralph L. Carr Colorado Judicial Center
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