Securities-Fraud Investigations Up In Colorado

By: Associated Press
By: Associated Press

DENVER (AP) -- Colorado's securities commissioner is reporting an increase in securities-fraud investigations in the tough economy.

Colorado Securities Commissioner Fred Joseph says his office usually has about 200 active cases. He estimates his office has seen a 10 percent to 15 percent increase in open investigations over last year.

The cases are concentrated in oil and gas, real estate and investing, which includes several alleged Ponzi schemes.

A spokesman for the U.S. attorney in Denver said the office also is seeing an increase in financial-related investigations.

Experts say fraudulent schemes can become popular in good times, then falter as the economy tumbles and operators struggle to pay investors who demand their money back.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 40059017 - kktv.com/a?a=40059017
Gray Television, Inc.