02, 2014 - SAINT PAUL, MN – A Minnesota Department of Commerce investigation resulted in reversing a foreclosure sale of a property owned by a Minnesota couple. Additionally, the Commerce Department ordered Kyanite Services Inc., previously known as Seterus Inc., to provide proof it had rescinded the November 2013 foreclosure sale.
13, 2014 - SAINT PAUL, MN – A Minnesota Department of Commerce investigation of Wholesale Assets Worldwide, LLC (WAW), a company engaged in coin and precious metal dealings, and Dennis Charles Helmer has been cited in an indictment by the United States Attorney on 19 counts of wire fraud. This is the first significant investigation into allegations of bullion coin-related criminal conduct since the State of Minnesota was the first to pass legislation in 2013 to clean up various segments of the coin industry that has been plagued with unscrupulous business practices.
11, 2014 - National statistics indicate that more than 9 out of 10 working-age households are not saving enough for retirement. It is reported that roughly half of those people have not yet started to save. As part of the Minnesota Department of Commerce’s ongoing commitment to change that trend through financial literacy and capability, Commissioner Mike Rothman joined the U.S. Department of the Treasury Under Secretary for Domestic Finance Mary Miller today in introducing the myRA program at an informational event at the Mall of America to get Minnesotans saving.
06, 2014 - United States Attorney Andrew M. Luger today announced the indictment of SEAN MEADOWS, 41, for using his financial planning and asset management firm, Meadows Financial Group (MFG), to operate a Ponzi scheme and fraudulently obtain at least $10 million from at least 50 victims. The defendant is charged with Mail Fraud, Wire Fraud, and Money Laundering offenses. The charges contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.
05, 2014 - The Minnesota Department of Commerce returns to Farmfest this year, with more information relevant to rural Minnesota economies than ever before. The Commerce Department booth is located in the Agriculture Tents, where Commerce staff will be on hand to answer questions about the following topics affecting farmers, their families and agricultural industries:
24, 2014 - SAINT PAUL, MN – Minnesota consumers now have a new energy efficiency home improvement loan program that allows more people to access low-interest, unsecured loans and make important energy efficiency upgrades, thanks to a partnership of the Minnesota Department of Commerce and Minnesota Housing Finance Agency.
23, 2014 - SAINT PAUL, MN – The Minnesota Department of Commerce ordered Mark Holt, a licensed investment advisor, insurance agent, and attorney, to stop engaging in securities related activity and to pay a $300,000 civil penalty for defrauding multiple investors, many of whom are senior citizens, as part of a Ponzi scheme. The findings of fact issued by the Department allege that Holt misled his clients, usually retirees and the elderly who indicated that they specifically invested their money with him due to his standing as a licensed attorney.
30, 2014 - SAINT PAUL, MN – The Minnesota Department of Commerce consent order signed recently requires Chicago-based Legal Helpers Debt Resolution, LLC (LHDR) and its subsidiaries to pay Minnesota consumers $187,500 in restitution for unauthorized and unregistered debt settlement in Minnesota.
23, 2014 - SAINT PAUL, MN – It’s that time of year again! The Minnesota Department of Commerce is reminding real estate professionals and debt collectors with a license expiration date of June 30, 2014 to set some time aside and submit their renewal by June 30, 2014, 4:30 p.m. CST.
19, 2014 - For more than a week, Minnesota has experienced significant precipitation throughout the state, causing flooding and damage. The severe weather is expected to continue through June 20th and could include damaging hail and wind. The Department of Commerce reminds consumers to review their auto and homeowners policy, contact their insurance agent and document property damage.