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General Interest News


A cross section of news releases from all areas of our department that are of interest to a general audience.

Results 21 - 30  (122 total results)

  • Commerce Department Investigation Unearths Multiple Allegations against Criminal Coin Dealer
    August 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.
  • U.S. Department of the Treasury and Minnesota Commerce Department team up to promote retirement savings
    August 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.
  • Investment Advisor Indicted for Defrauding Investors for more than $10 Million
    August 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.
  • Farmfest 2014: Commerce Department “Here to Help” Minnesota’s Farm Families and Businesses
    August 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:
  • Tips for lowering cooling costs in your home
    August 01, 2014 - Continuous cooling during the dog days of summer can take a bite out of your budget. You can reduce air conditioning energy use by 20-50 percent by switching to a high-efficiency, ENERGY STAR-qualified air conditioner and taking other actions to lower your home’s cooling costs.
  • Commerce, Minnesota Housing partner to create more energy efficiency loan opportunities
    July 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.
  • Commerce Department takes action and fines investment advisor operating a Ponzi-scheme targeting elderly investors
    July 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.
  • Commerce Department offers 10 basic no-cost or low-cost ways to stay cool, save energy, reduce emissions
    July 07, 2014 - SAINT PAUL, MN — As we enter the hot days of summer with temperatures over 90 degrees, the Minnesota Department of Commerce, Division of Energy Resources reminds consumers of some simple no-cost or low-cost energy-saving tips to help keep cool, conserve energy, and reduce utility bills.
  • Commerce Commissioner orders Legal Helpers to pay $187,500 in restitution to Minnesota consumers
    June 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.
  • Department of Commerce orders auto-dialing, unlicensed insurance-selling company to pay $191,185 civil penalty
    June 25, 2014 - SAINT PAUL, MN – The Minnesota Department of Commerce recently ordered Variable Marketing LLC, which does business under the name Instant Insurance Marketing to pay a $191,185 civil penalty for making numerous fraudulent and unlicensed solicitations to Minnesota consumers.
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