State Auditor Monica Lindeen alerts Montanans to Loan Modifications -the Latest Predatory Scam Targeting the Region

csimt 2009, Press Release, Securities

State Auditor Monica Lindeen warns consumers to keep a watch out for a new scam. Consumers are receiving calls from “loan modification” firms – the type advertise they will negotiate with creditors to get their loan balances and interest rates reduced- and have been instructed by those firms to not contact their mortgage loan servicer.

SAO Takes Enforcement Action Against Two Montana Firms for Bilking Dozens of Montanans in Securities Fraud Scheme

csimt 2009, Press Release, Securities

State Auditor and Securities Commissioner Monica Lindeen announced today that a district court judge in Helena has issued a temporary restraining order against Cornerstone Financial Corporation, of Polson, and D&D Property Management and Development, of Belgrade for bilking dozens Montana seniors out of millions in a securities fraud scheme.

Lindeen Blasts Cuts to Health Care for Children and Small Businesses

csimt 2009, Insurance, Legislature, Press Release

Today, State Auditor Monica Lindeen blasted the action of legislative budget panels that refused funding for the voter-approved initiative extending health coverage to 29,000 Montana uninsured kids, and refused funding that would allow 600 Montana small businesses and their families to participate in Insure Montana, the successful tax credit and premium assistance program.

Lindeen to Meet with Baucus, Tester on Financial Crisis

csimt 2009, Press Release, Securities

As Montana victims of the Madoff scam and other investment schemes continue to emerge, Montana State Auditor Monica Lindeen will meet with members of the Montana delegation in Washington D.C. this week to discuss the effects of the financial crisis on Montana investors. Lindeen says the meetings will help ensure that any regulatory reform benefits the Main Street Montana investors who look upon Wall Street, regulators, and lawmakers to help them build and safeguard their financial security.

State Auditor fines Kalispell man $80,000 for Victimizing Two Area Seniors

csimt 2009, Insurance, Press Release, Securities

State Auditor Monica Lindeen announced today that a Kalispell court has upheld the Montana State Auditor’s office order fining a Kalispell man $80,000 for victimizing two elderly women in northwestern Montana. The Eleventh Judicial District Court in Kalispell upheld the Auditor’s order fining former Banker’s Life insurance agent Martin O. Bower. The order also bans Bower from becoming licensed to sell insurance for five years, and bans him from seeking any securities registration or licensure.