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.
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.
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.
09, 2014 - Commerce Commissioner Mike Rothman today finalized the fourth settlement agreement as part of an investigation of improper insurance claims made by oil companies to clean up contaminated sites. The $100,000 settlement with Sunoco and the previous settlements Chevron, Exxon Mobil, and ConocoPhillips total $7.525 million to be returned to Minnesota’s Petroleum Tank Release Cleanup Fund (Petrofund).
24, 2014 - SAINT PAUL, MN – The Minnesota Department of Commerce filed an order to show cause and statement of charges against Mortgage Investors Corporation, also known as Veterans Information Department, www.usmilitarymortgage.com, www.verteranhomeloans.com, and www.veteransmtg.com for allegedly engaging in fraudulent, deceptive, and dishonest practices to refinance veterans’ residential mortgage loans in violation of Minnesota law.
19, 2014 - SAINT PAUL, MN – Late yesterday, the Minnesota Department of Commerce filed an order to show cause and statement of charges against Barbara Stark and Susan Walker, former Ameriprise Financial Services agents. The outcome will determine civil penalties and other disciplinary actions. The statement of charges alleges that Stark and Walker financially exploited vulnerable adults and elderly consumers by engaging in a willful pattern of stealing the retirement accounts of their victims to fund a lavish lifestyle that included multiple vacations, payments for a Lexus, private school tuition and rent.
04, 2014 - SAINT PAUL, MN — A Minnesota Department of Commerce Fraud Bureau criminal investigation resulted in halting a policy mill scam out of Brooklyn Center. Late yesterday, Arlesia Shannell Robinson was criminally charged with two counts of Aggravated Forgery in Hennepin County District Court for perpetrating an insurance policy mill scheme on unwitting consumers. The criminal complaint alleges Robinson, using an alias of Amelia Hall, claimed she was a representative of Esurance and sold fake automobile insurance policies beginning in at least October 2013
18, 2014 -
Commerce Commissioner Mike Rothman, for the third year, issued a letter to more than 9,600 licensed CPAs in Minnesota to remind tax preparers of the signs of senior financial abuse. As CPAs prepare tax returns for their senior clients, the Commissioner urges tax professionals to use their expertise to help spot elder fraud and financial abuse.
10, 2014 - Commerce Commissioner Mike Rothman in conjunction with Minnesota’s Petrofund Board filed a $25 million lawsuit against British Petroleum (BP) to recover money for claims paid to the company to clean up contamination from leaking petroleum storage tanks at service stations across the state.