30, 2013 - SAINT PAUL, MN — Today, in Ramsey County District Court, Maurice Culpepper was criminally charged for allegedly engaging in an elaborate fraud scheme he devised in an attempt to exploit an insurance company. The criminal complaint charged him with one count of Insurance Fraud, which carries a maximum sentence of 20 years and $100,000 fine.
01, 2013 - SAINT PAUL, MN – Two recent investigations conducted by the Department of Commerce Fraud Bureau uncovered insurance “policy mill” schemes that resulted in felony insurance fraud and forgery charges against individuals who masqueraded as insurance agents bilking their customers out of cash and insurance coverage.
11, 2013 - Attorney General Lori Swanson and Commerce Commissioner Mike Rothman today filed a lawsuit against CashCall, Inc., a California outfit with a history of legal troubles, for charging Minnesota borrowers annual percentage rates ("APRs") of up to 342 percent and origination fees of up to $500 after falsely telling them that the loans are governed by tribal law.
09, 2013 - SAINT PAUL, MN-Commerce Commissioner Mike Rothman has finalized settlement agreements with Chevron, Exxon Mobil, and ConocoPhillips totaling $7.425 million to be returned to the Petroleum Tank Release Cleanup Fund (Petrofund) for the state to use in the clean-up of contaminated property at underground storage tank sites.
30, 2013 - SAINT PAUL, MN – Earlier today, 61-year-old Stephen A. Marrone of Saint Paul pleaded guilty to three counts of Theft by Swindle (counts 3, 4, and 6) in connection with multiple incidents of annuities fraud. Marrone and his co-defendant Robert S. Hertz were charged by the Ramsey County Attorney’s on August 31, 2012, after an extensive investigation, conducted by the Department of Commerce Insurance Fraud Division, uncovered an annuity conversion scheme that replaced over $4.2 million of annuities.
29, 2013 - SAINT PAUL, MN –The Minnesota Department of Commerce has uncovered eleven unlicensed sham companies targeting timeshare owners falsely claiming to be able to sell or rent their properties and scamming them into paying thousands of dollars in transaction costs that never result in a sale or rental of their properties. In every case, the company used a fake street address on their website and in the materials they provided to timeshare owners.
14, 2013 - SAINT PAUL, MN – Commerce Commissioner Mike Rothman ordered Profitable Sunrise and its operators, Roman Novak and Radoslav Novak, and Minnesotans William Nilsson (a/k/a Chad Nilsson) and Casey Dorian, today to cease and desist from selling securities in the State of Minnesota.
26, 2013 - Formal charges have been filed in Ramsey County District Court on allegations that Saint Paul and Spooner, WI resident Linda A. Brost committed a litany of offenses, including insurance fraud, theft by swindle, aggravated forgery, and identity theft. This morning, the Department of Commerce Insurance Fraud Division, assisted by the St. Paul Police Department, Ramsey County Sheriff’s Office and Washburn County (WI) Sheriff’s Office, executed search warrants at Brost’s St. Paul and Spooner, Wisconsin residences.
19, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce announced today that Minnesota consumers may qualify for a refund if they purchased travel insurance from Virginia Surety Company (VSC), or one of its contracted agencies, between January 1, 2007 and October 31, 2012. The announcement came after the Minnesota Department of Commerce and the Missouri Department of Insurance issued a joint consent order alleging that VSC routinely required consumers to affirmatively “opt-out” of purchasing premium travel insurance packages, violating numerous state laws and regulations.
14, 2013 - The Minnesota Department of Commerce took action against Rodd after receiving a complaint in January from a resident of the Redwood Falls area who had not been repaid as promised for his investment. The Commerce Department’s investigation found that four southwestern Minnesota residents who were solicited by Rodd were senior citizens, one of whom had been suffering from dementia at the time of investment; and two investors who claim to have invested their entire retirement savings – one of whom literally invested virtually all the proceeds from the sale of his farm.