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.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus