News & Press Releases 2011

DENVER — Colorado Attorney General John Suthers announced today a $34.25 million multistate settlement with GE Funding Capital Market Services to settle allegations that the company engaged in anticompetitive conduct in the municipal bond derivatives industry. The settlement is one component of a $70 million coordinated state and federal law enforcement and regulatory action involving the U.S. Department of Justice, the Securities and Exchange Commission, and the Internal Revenue Service.

DENVER — Colorado Attorney General John Suthers announced today that a Denver jury has convicted Colorado Springs resident Douglas Bruce (DOB: 8/26/1949) of three felonies and one misdemeanor related to his failure to pay taxes on income he earned during the 2005, 2006 and 2007 tax years.

DENVER — Colorado Attorney General John Suthers announced today that he has appointed David Blake as the Deputy Attorney General for Legal Policy and Government Affairs.

“I am pleased to welcome David to my senior staff,” Suthers said. “David is a skilled attorney with a deep history of work on compelling public policy issues both in this office and for the U.S. Department of Justice. He will be an excellent addition to the Office of the Attorney General’s management team. I look forward to working with him in this new capacity.”

DENVER — Colorado Attorney General John Suthers announced today that his office has filed a lawsuit aimed at dissolving the organization Fired Up For Kids so a successor organization can continue the entity’s mission as a nonprofit organization.

DENVER — Colorado Attorney General John Suthers said today that a new report from the National Institute on Drug Abuse showing increasing youth consumption of marijuana should be a cause of concern for Coloradans.

DENVER — Colorado Attorney General John Suthers issued the following statement after the sponsor of legislation that would have allowed businesses to call consumers’ cell phones using robocalls withdrew his bill:

“Although I have been unsuccessful in my efforts to shield Colorado consumers from all non-emergency robocalls, I am pleased to see that Congress has decided not to subject consumers to even more automated calls through their cell phones,” Suthers said. “The death of this legislation at the hands of its sponsor is a significant victory for consumers.”

DENVER — Colorado Attorney General John Suthers warned consumers today to beware of e-mails pretending to be from the Better Business Bureau. The e-mails, from riskmanager@bbb.org, might include the subject line, “complaint from your customers,” and contains a link to a Web site that includes malicious code. The Texas Attorney General’s Office warned consumers about this new scam last week.

DENVER — Colorado Attorney General John Suthers announced today a $58.75 million multistate settlement with Wells Fargo to settle allegations that individuals working at Wachovia, which Wells Fargo acquired in 2008, engaged in anticompetitive conduct in the municipal bond derivatives industry. The settlement is one component of a $148 million coordinated state and federal law enforcement and regulatory action involving the U.S. Department of Justice, the Securities and Exchange Commission, the Internal Revenue Service and the Office of the Comptroller of the Currency.

DENVER — Colorado Attorney General John Suthers announced today that his office has secured guilty pleas from two Aurora residents who stole $120,000 worth of workers’ compensation funds from Pinnacol Assurance.

DENVER — Colorado Attorney General John Suthers announced today that it has reached a settlement with a Veracity Credit Consultants LLC, a Denver-based company, that bars the company from charging upfront fees in exchange for credit-repair services as well as misleading consumers about their abilities to cleanse consumers’ credit reports. Under the terms of the agreement, Veracity Credit Consultants must pay the state $400,000 in restitution, costs and fees.

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