Lindeen To Announce Settlement In $455 Million Class Action Lawsuit

csimt 2012, Press Release, Securities

Montana Commissioner of Securities and Insurance Monica J. Lindeen will announce final resolution in a class-action lawsuit against Farmers Group, Inc., that spanned nearly a decade and affecting more than 160,000 Montanans. Lindeen will make the announcement at a press event Thursday, September 20, at the quarterly Montana Justice Foundation board meeting in Billings.

Hurricane Relief Scam Victim Receives Restitution

csimt 2012, Press Release, Securities

Commissioner of Securities and Insurance Monica J. Lindeen today announced the first beneficiary of the state’s new securities restitution fund, a pool of money set up to help victims of investment fraud. Reece Cobeen of Plains, Mont., a victim of a hurricane relief investment scam, will receive $13,750.

Lindeen Partners with Accountants in Fight Against Securities Fraud

csimt 2012, Press Release, Securities

With the New Year and tax season just around the corner, Commissioner of Securities and Insurance Monica J. Lindeen has reached out to certified public accountants across the state by providing a copy of the new documentary, Gold Diggers: Investment Fraud in the Treasure State, and a handout highlighting ten common warning signs of securities fraud to more than 1,600 certified public accountants.

Former Missoula Man Found Guilty of Investment Fraud

csimt 2011, Press Release, Securities

Commissioner of Securities and Insurance Monica J. Lindeen today announced that Terry Parks was found guilty on three counts of investment fraud in Missoula County District Court. Parks, a former Missoula resident, sold $55,000 worth of phony investments under the guise of helping victims of Hurricane Katrina.