News & Press Releases 2008

Attorney General Suthers Announces Settlement With American Engine Installations

DENVER – Colorado Attorney General John Suthers today announced that settlements have been reached with Dallas-based American Engine Installations and its Colorado franchises in Commerce City (located at 4850 Olive Street) and Colorado Springs (3455 Astrozon Court). The Attorney General filed a Consumer Protection Act lawsuit against AEI in June of last year, alleging that AEI and its franchises low-balled engine repair estimates, only to raise the estimate an average of 60 percent after consumers had paid an $800 deposit and after their cars were dismantled.

Attorney General’s Office Releases Annual Lending Data

DENVER – Colorado Attorney General John W. Suthers today issued several reports on the state’s high-cost consumer lending activity in 2007. The reports include only lenders supervised by the Attorney General’s Office, and do not include data on most mortgages. They show the effect of payment plan requirements for some payday loans, continued high levels of high-interest payday and small installment lending, debt dependency, and significant decreases in mortgage-related credit.

Attorney General Praises Decision In Cash Funds Case

DENVER – Colorado Attorney General John Suthers issued the following statement regarding today’s decision by the Colorado Supreme Court in the case Barber v. Ritter:

“I am pleased that the Court has agreed with the State’s position that the Legislature has the authority to move tax dollars among different funds within the state budget to deal with fiscal concerns. I greatly appreciate the hard work of the individuals in my office who successfully articulated the State’s position in this case.”

Attorney General’s Office Defends State Charter Schools

DENVER – Colorado Solicitor General Dan Domenico today offered the State’s defense of its charter schools in the case Boulder Valley School District v. Colorado State Board of Education. The case was argued in the Colorado Court of Appeals.

The case centers on Boulder Valley’s claim that the General Assembly does not have Constitutional authority to create and fund charter schools that are not controlled by local school boards.

Unregistered Broker-Dealer Sentenced To 10 Years Incarceration

DENVER -- The Securities and Exchange Commission ("Commission") announced that, on October 22, 2008, the Colorado District Court sentenced Robert Ray White Samples ("Samples") of Parker, Colorado, to 10 years incarceration for operating two fraudulent investment schemes that raised more than $1 million from investors, including senior citizens.  In August 2008, Samples plead guilty to two counts of securities fraud in the criminal action brought against him by the Colorado Attorney General’s securities fraud unit.  In addition to the term of incarceration, Samples was ordered to p

Attorney General Suthers Convenes Summit On Senior Financial Exploitation

DENVER – Colorado Attorney General John Suthers today convened the 2008 Attorney General’s Summit on Senior Financial Exploitation. The event brought together more than 225 professionals representing 52 cities and towns in 31 counties from across Colorado to discuss the best methods to prevent the financial exploitation of older Coloradans.

Operation Clean Sweep Targets Credit Repair Companies

DENVER – Colorado Attorney General John Suthers today announced his office’s participation in Operation Clean Sweep, a joint effort with the Federal Trade Commission and 22 other states to root out unlawful credit repair practices in 33 businesses nationwide. As part of the operation, the Colorado Attorney General’s Office has entered into settlement agreements with two Colorado credit service organizations, and has ongoing investigations into numerous others.

Paramedic Impersonator Charged

DENVER – Colorado Attorney General John Suthers has announced that charges were filed earlier today against Todd Teel, age 40, stemming from his employment with American Medical Response of Denver. The State’s complaint alleges that Teel provided AMR with a falsified certificate attesting to his status as a paramedic, and then operated in AMR ambulances as a paramedic between June 2006 and December 2007.

Colorado Attorney General Sues To Block Swift Merger

DENVER – Colorado Attorney General John W. Suthers today joined the United States Department of Justice and the attorneys general of 12 other states in a lawsuit aimed at preventing JBS Beef, SA, from acquiring National Beef Packing Company. If completed, the deal would give JBS – which is already the world’s largest beef processor – one-third of the U.S. fed-cattle-processing market, making it the largest beef processor in the Unites States (it is currently third-largest).

Appliance Thieves Receive Prison Sentences

DENVER – Colorado Attorney General John Suthers today announced that two appliance thieves have been sentenced to prison for their roles in a string of Metro-area burglaries. Julio Cesar Reyes-Ramos will spend the next 12 years in state prison after today’s sentencing, while Valentin Aguilar Miramontes was given a four year prison term on September 18. Each of the men pled guilty to a variety of felony counts in early August after a months-long investigation dubbed Operation Freezer Burn.

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