On Wednesday, Aug. 23, REDC participated in an informational meeting with Montana‘s Commissioner of Securities & Insurance (CSI), Troy Downing. Downing and his team were traveling across Montana to spread the word regarding scams and fraudulent activities that his office is seeing. Downing reported, “One of the biggest financial frauds that our office sees, is upon our senior … Read more
Havre Daily NewsBy Patrick Johnston Montana Auditor Troy Downing was at North Central Senior Citizens Center Thursday to give a presentation on common forms of financial fraud, part of a 14-stop tour aiming to promote awareness, improve prevention and reduce the stigma around people who are victimized by fraudsters, especially senior citizens. Downing said his role … Read more
By Greg Hitchcock I The Sidney HeraldAug 23, 2023 On a tour of eastern Montana, Montana Commissioner of Securities and Insurance (CSI) Troy Downing stopped off in Sidney to give a presentation on elder fraud in the hopes of preventing scams from ever taking place. “Seventy-five percent of fraud is against seniors,” Downing said. “And … Read more
Billings Gazette Montana State Auditor Troy Downing, who is also the state’s commissioner of securities and insurance, brings his Eastern Montana educational tour to Billings Monday, Aug. 21. Downing is inviting the public to educate investors, seniors, and consumers on safeguarding their finances. The commissioner and CSI staff are hosting 12 events across Eastern Montana … Read more
BILLINGS – It’s a billion-dollar-a-year industry, except the only ones benefiting are criminals and Montana is no exception as our aging population is the main target. It’s why there’s a massive push by the office of the Montana Commissioner of Insurance and Securities to educate Montana’s elderly about these dangers. And sometimes all it takes … Read more
By: MTN News BILLINGS – A Forsyth woman pleaded not guilty Monday to federal charges that she defrauded customers through her insurance brokerage, Rosebud County Insurance, Inc., and stole customers’ identities, according to U.S. Attorney Jesse Laslovich. Kileen Moria Hagadone, 57, was charged with six counts of wire fraud and three counts of aggravated … Read more
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
The Montana Supreme Court this week cleared the way for an administrative proceeding against a legally beleaguered workers’ compensation insurance firm tied to state Rep. Nelly Nicol, R-Billings, a freshman lawmaker who ran a bill this session that would have eliminated regulatory positions at a state agency engaged in legal battle with her father’s company. To … 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