News & Press Releases

WHEN:
Monday, March 24, 2008, 2:30 p.m.

WHERE:
State Services Building
1525 Sherman Street
Seventh Floor
Denver, CO 80203

DENVER – Colorado Attorney General John W. Suthers announced today a Statewide Grand Jury Indictment that charges 10 people in a complex mortgage fraud scheme that involved 34 properties in Adams, Arapahoe, Denver and Jefferson counties.  According to the Indictment, between April 28, 2004 and December 28, 2006, members of this crime ring fraudulently obtained $10.9 million in mortgages.  They allegedly used falsified invoices and shell corporations to deceive lenders into paying $1.1 million back to the buyers.

DENVER – Colorado Attorney General John Suthers today announced that his office has reached a settlement with Sonic Cash, LLC, an internet payday lender based in Boise, Idaho. As part of the settlement, the company has agreed to refund more than $150,000 in finance charges on nearly 2,300 illegal payday loans. An estimated 180 Colorado consumers will receive refunds by May 12, 2008.

DENVER – Colorado Attorney General John Suthers today announced a seven-count indictment against Fort Collins resident Rick D. Van Vleet (DOB 12/9/44) for an alleged investment fraud scam which netted more than $2.9 million from 26 investors. Van Vleet was indicted by the Statewide Grand Jury on five counts of securities fraud and two counts of theft over $15,000. If convicted on all counts, the defendant could face 84 years in prison and more than $5 million in fines

DENVER – Colorado Attorney General John Suthers will travel to Phoenix, Arizona, on Monday to participate in a three-day, binational conference on international smuggling, sponsored by the Conference of Western Attorneys General. The conference will serve as the compliment event to last September’s exchange mission to Cuernavaca, Mexico, which Attorney General Suthers attended with representatives from six Western states.

DENVER – Colorado Attorney General John Suthers today issued a consumer advisory warning Colorado consumers and businesses about a new email scam being reported to his office.

DENVER – Attorney General John Suthers today announced the settlement of a civil law enforcement action against drug company Barr Pharmaceuticals. Colorado will receive a civil penalty of $100,000 – the maximum allowed by state law – as well as $200,000 in attorneys’ fees for its position as the lead state in the lawsuit.

DENVER – Colorado Attorney General John Suthers today issued the following statement after a 4-1 vote by the Senate committee on State, Veterans, and Military Affairs to kill SB-146, which would have banned most robocalls in Colorado:

DENVER - Attorney General John Suthers will testify before the Colorado Senate committee on State, Veterans, and Military Affairs regarding Senate Bill 146, sponsored by Senator Paula Sandoval (D-Denver) and Representative Larry Liston (R-Colorado Springs). SB-146 would ban most robocalls in the state of Colorado, with exceptions for schools and public safety organizations.

WHEN: Wednesday, February 13, 1:30 p.m.

DENVER – Colorado Attorney General John Suthers will be in Washington, D.C., on Wednesday to testify before the United States Senate Committee on Rules and Administration, chaired by Senator Dianne Feinstein (D-California). Suthers will deliver testimony to the committee as it holds a hearing on the subject of Protecting Voters at Home and at the Polls: Limiting Abusive Robocalls and Vote Caging Practices. His testimony will discuss developments since the enactment of “no-call” laws and assert that, because of political robocalls, no-call laws have lost much of their beneficial effect.

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