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Enforcement News


A list of news releases related to our enforcement activities.

Results 11 - 17  (17 total results)

  • Minnesota Department of Commerce Reminds Investors to Research Investment Opportunities
    October 18, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce announced the 2013 list of financial products, practices and services that are the greatest potential threats that trap unsuspecting investors. The 2013 list includes investment scams that also impact small business owners.
  • Commerce Department Takes Action against Debt Collectors
    October 09, 2013 - SAINT PAUL, MN — The Minnesota Department of Commerce recently filed a statement of charges and a notice for prehearing against Robert Dunham of Lakeville, Minnesota, the owner of Receivables Management Solutions, Inc. (RMS) and Wentworth Assets, LLC for allegedly operating without a license and using money collected by his debt collection companies for personal extravagances.
  • Commerce Commissioner Mike Rothman elected to the North American Securities Administrators Association Board of Directors
    October 07, 2013 - SAINT PAUL, MN – Minnesota Department of Commerce Commissioner Mike Rothman has been elected as a director on the North American Securities Administrators Association (NASAA) Board of Directors. The position on the Board will provide Commissioner Rothman the opportunity to weigh in on NASAA’s planning and policy development for the association’s national pro-investor legislative agenda.
  • Commerce Fraud Bureau Investigation Results in Auto Insurance Fraud Charges
    September 30, 2013 - SAINT PAUL, MN — Today, in Ramsey County District Court, Maurice Culpepper was criminally charged for allegedly engaging in an elaborate fraud scheme he devised in an attempt to exploit an insurance company. The criminal complaint charged him with one count of Insurance Fraud, which carries a maximum sentence of 20 years and $100,000 fine.
  • Commerce Department urges consumers to use caution to avoid insurance policy mill scams
    August 01, 2013 - SAINT PAUL, MN – Two recent investigations conducted by the Department of Commerce Fraud Bureau uncovered insurance “policy mill” schemes that resulted in felony insurance fraud and forgery charges against individuals who masqueraded as insurance agents bilking their customers out of cash and insurance coverage.
  • Attorney General Swanson and Commissioner Rothman Sue California Outfit Over Scheme to Deprive Consumers of State Legal Protections
    July 11, 2013 - Attorney General Lori Swanson and Commerce Commissioner Mike Rothman today filed a lawsuit against CashCall, Inc., a California outfit with a history of legal troubles, for charging Minnesota borrowers annual percentage rates ("APRs") of up to 342 percent and origination fees of up to $500 after falsely telling them that the loans are governed by tribal law.
  • Subjects of Commerce Insurance Fraud Division investigation plead guilty to multiple counts of fraud, theft by swindle
    May 30, 2013 - SAINT PAUL, MN – Earlier today, 61-year-old Stephen A. Marrone of Saint Paul pleaded guilty to three counts of Theft by Swindle (counts 3, 4, and 6) in connection with multiple incidents of annuities fraud. Marrone and his co-defendant Robert S. Hertz were charged by the Ramsey County Attorney’s on August 31, 2012, after an extensive investigation, conducted by the Department of Commerce Insurance Fraud Division, uncovered an annuity conversion scheme that replaced over $4.2 million of annuities.
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