Commissioner Downing discusses goals for 2023

WILL BRIGGS ReporterLewistown News-Argus Though he has just one job title, Troy Downing wears a lot of hats in his role as Montana’s Commissioner of Securities and Insurance. Aside from his role in financial and insurance regulation, Downing is one of five people to sit on the state’s Land Board and serves as the state … Read more

Bill would reform state cabin site sales

A bill backed by Montana’s state auditor would reform the sale of state land cabin sites in an effort to encourage more competitive bidding and higher revenues. State Auditor Troy Downing has been a dissenting voice on cabin site sales as a member of the Montana State Board of Land Commissioners since he took office … Read more

Embroiled South Philadelphia cryptocurrency company facing crackdown from Montana financial regulators

The Washington Avenue company has 15 days to comply with regulators’ demands. by Jesse Bunch   The Inquirer   VBit Technologies, the South Philadelphia-based cryptocurrency mining company accused in mounting lawsuits of running a Ponzi scheme, is facing a crackdown from regulators in Montana, where it operated a data center. The company, which was headquartered on … Read more

Regulators accuse Columbia Falls crypto mine of fraud, financial crimes

By ADRIAN KNOWLERDaily Inter Lake   State Auditor Troy Downing has demanded answers from a cryptocurrency company with a bitcoin mining center in Columbia Falls accused of operating a multimillion-dollar Ponzi scheme. VBit Technologies is accused of selling unregistered securities, committing fraud and operating an unregistered multilevel marketing company in documents served by Downing’s office. Downing … Read more

Lawsuits dog company with Bitcoin servers in Columbia Falls

By ADRIAN KNOWLER For The Hungry Horse News   A cryptocurrency company with a bitcoin mining center in Columbia Falls is facing multiple class-action lawsuits alleging that it defrauded millions of dollars from thousands of investors in a “massive Ponzi scheme.” Class-action lawsuits alleging racketeering and securities fraud violations have been filed in Delaware and Pennsylvania … Read more

Botched bounty hunt in Butte ‘tipping point’ to bail bond bill in Legislature

In response to a bounty hunt that turned tragically fatal in Butte and other incidents, a state official wants lawmakers to rein in rogue bail bond agents and “Wild West” tactics sometimes used to nab fugitives. Troy Downing, Montana’s auditor and commissioner of Securities and Insurance, is pushing a bill that would require all bail … Read more