Forsyth woman accused of defrauding customers through her insurance company, Rosebud County Insurance Inc., by spending client payments on personal expenses appeared in federal court on charges Monday. Kileen Moria Hagadone, 57, pleaded not guilty to an indictment charging her with six counts of wire fraud and three counts of aggravated identity theft, said U.S. … Read more
By: Kelsey Merison BILLINGS – Kileen Hagadone of Forsyth was taken into FBI custody on Friday morning before being booked into the Yellowstone County Detention Facility in Billings. One week prior, Hagadone was permanently barred from practicing insurance-related business in the state of Montana following an investigation into criminal allegations. The Yellowstone County Detention Facility (YCDF) told MTN News … Read more
By: Kelsey Merison FORSYTH — Rosebud County Insurance agent Kileen Hagadone has been permanently barred from conducting insurance business in Montana after a judge’s ruling last week. But the impact of her alleged criminal activity is still being uncovered, and one of her former customers is speaking out. “I always thought (Kileen) was a really exceptional … Read more
Insurance commissioner says he obtained court order A Forsyth insurance broker has permanently lost her license after complaints surfaced that she was accepting premium payments but not purchasing insurance policies. Montana Insurance Commissioners Troy Downing announced Wednesday that he had secured a court order on July 12 permanently barring Kileen Hagadone and her business, Rosebud … Read more
HELENA, Mont. — Hundreds of Montanans will see money from a multimillion-dollar settlement with a major finance company. The $13 million agreement with Raymond James Financial comes after several states, including Montana, launched an investigation into charges for commissions. Officials discovered the company charged what they call unreasonable commissions on small-dollar transactions. Here in Montana, 260 … Read more
Rosebud County Insurance and Hagadone’s License Revoked Helena, Mont.-On July 12, 2023, Commissioner Troy Downing secured an Order of Final Injunction permanently barring Kileen Hagadone and her business, Rosebud County Insurance, Inc. (RCII), from conducting any type of insurance business in Montana. The Order of Final Injunction further prohibits Hagadone and RCII from any banking … Read more
Helena, Mont.-Today, State Auditor and Securities Commissioner Troy Downing announced a $13 million settlement with Raymond James & Associates, Inc. and Raymond James Financial Services, Inc., resulting from an investigation into the company’s practices of charging unreasonable commissions to retail customers on small-dollar transactions. The multi-state investigation, spearheaded by the Montana Commissioner of Securities and … Read more
By BERL TISKUSReporter | June 22, 2023 12:00 AM Financial scams and fraud are the most common forms of elder abuse according to Troy Downing, Montana State Auditor and Commissioner of Securities and Insurance. He was in Polson last week, along with representatives from Elder Protective Services, staffers from Downing’s office, Jake Santee from Sen. Steve Daines’ … Read more
An Opinion Editorial by Commissioner Troy Downing Bail bonds are integral to the criminal justice system – they allow those charged with crimes freedom to work on their defense and deal with their personal lives and obligations prior to trial. Bail bond agents are responsible for ensuring a person shows up to court. If the … Read more
Helena, Mont.- In recognition of World Elder Abuse Awareness Day (WEAAD) on June 15, Commissioner Troy Downing reminds Montanans to be vigilant of investment scams targeting seniors. The Commissioner of Securities and Insurance is charged with protecting Montana investors from financial scams – the majority of these are perpetrated against our senior population. “Nearly every senior … Read more