DENVER – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, today issued new metrics that impose greater oversight over Bank of America, JP Morgan Chase, CitiGroup and Wells Fargo under the National Mortgage Settlement. These new metrics are the result of violations that the monitor reported earlier this summer regarding the banks’ compliance with the settlement.
Press Room & Announcements
For a complete list of all press releases including those from other sections of the Colorado Attorney General’s Office click here.
DENVER—Attorney General John Suthers announced today that his Consumer Protection Section filed a civil lawsuit against Tobacco King, a Longmont tobacco store owned by Mr. Sang Leaming for selling a variety of products commonly referred to as “spice.” Leaming and Tobacco King sold spice products without warning consumers that the contents may contain illegal synthetic cannabinoids or other undisclosed, and potentially dangerous, chemicals.
DENVER — The Colorado Attorney General’s Office announced today that Clinton Dee Fraley (D.O.B. 01/05/77) of Englewood received the maximum sentence of 12 years by an Arapahoe County judge for stealing more than $532,000 from four Colorado investors.
DENVER –Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, issued his final report today regarding the total amount of consumer relief granted by the five banks that are parties to the settlement. The banks disclosed that from March 1, 2012 through June 30, 2013 they have extended $51.33 billion in total relief to 643,726 borrowers nationwide.
DENVER—Colorado Attorney General John Suthers today announced that the statewide grand jury has indicted Robert Allen Zickefoose (D.O.B. 07/19/64) on seven counts of securities fraud and theft. Zickefoose is the sole owner and president of Zickefoose Reserves, LLC based in Colorado Springs. The indictment alleges that he was offering unregistered oil and gas investments that were discovered by the Colorado Division of Securities.
DENVER—The U.S. District Court for the Southern District of New York today ruled that Apple is guilty of conspiring to fix the prices offered for e-books. United States District Judge Denise Cote (SDNY) found “[t]he Plaintiffs have shown that the Publisher Defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy.
DENVER—An investigation by the Consumer Protection Section of the Colorado Attorney General’s Office has led to the filing of a complaint and the imposition of a temporary restraining order (TRO) against Boobies Rock!, Inc., The Se7ven Group, Say No 2 Cancer, and owner Adam Cole Shryock (D.O.B. 10/22/1979) for deceiving consumers into thinking they were donating money to charity.
DENVER—The Consumer Protection Section of the Attorney General Office announced today that it has filed a civil lawsuit and obtained a Temporary Restraining Order against the air-duct cleaning company, The Finest Duct Cleaning, Inc. and owners Vachagan “George” Gasparyan (D.O.B. 09/13/80) and Kristine Petrosyan (D.O.B. 01/20/82). They are being accused of falsely advertising its prices as well as qualifications.
DENVER- Colorado borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a check this month for an average of $1,480. To date, the total cash payments for mortgage servicing abuse are Colorado is $32,882,672. This relief is in addition to $405.3 million already provided to more than 7,000 borrowers for principal reductions, mortgage modifications and other forms of relief.
Ralph L. Carr Colorado Judicial Center
1300 Broadway, 10th Floor
Denver, CO 80203