IDAHO MAN CHARGED WITH FRAUD, EXPLOITATION IN SOUTHERN LINCOLN COUNTY

csimt In The News

By: Ben Kibbey

A Bonners Ferry man operating financial services in Troy has been charged in Montana 19th Judicial District Court with multiple felonies related to the sale of annuities to Libby and Troy residents, including exploitation of an older person…

Hartman faces four felony charges in Montana, including conducting insurance transactions without a license, transacting business as an investment advisor without a license, securities fraud, and exploitation of an older person.

The maximum prison time for each charge is 10 years, with the potential for up to $70,000 in fines if convicted of all four charges…

According to court documents filed Tuesday by Special Lincoln County Attorney for the State of Montana Brett Olin, Hartman is not licensed in Montana to provide the services he offered, and the products he sold were signed by his wife, Ginny Hartman.

Additionally, Hartman is accused in the court filing of obtaining almost $900,000 from someone over the age of 65 after “establishing a trust relationship” with her. This was in addition to funds he received after being appointed her power of attorney, “which were not commiserate with the work performed because she trusted him.”

Background

According to court documents, an investigation into Hartman began in August 2018 by the Montana State Auditor, Commissioner of Securities Insurance. The investigation began after the auditor’s office received a complaint that Hartman was selling insurance products without a license and having Ginny Hartman sign them.

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