Tag: securities fraud
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Former medical executives, Colorado residents charged with $873M fraud
Two former medical device company executives were charged with a near-$900 million fraud scheme in a federal grand jury indictment unsealed Wednesday. Thomas Sandgaard, 67 of Castle Rock, and Anna Lucsok, 39 of Denver, face nine counts of health care fraud, two counts of mail fraud and three counts of aggravated identity theft, according to…
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Colorado justices allow sentences of probation after prison, even though prison-plus-probation illegal
Even though the Colorado Supreme Court ruled five years ago that sentences of prison plus probation are illegal, the justices decided on Monday that judges were permitted to fix those sentences by imposing basically the same punishment. In its 2019 decision of Allman v. People, the Supreme Court ruled that state law treats probation as an…
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Appeals court interprets ambiguous phrase in Colorado’s criminal records sealing law
Colorado’s second-highest court last month interpreted for the first time an ambiguous phrase in a 2019 law, and concluded a man convicted two decades ago for securities fraud was not entitled to have his criminal records sealed. Lawmakers enacted House Bill 1275 nearly five years ago to increase the availability of records-sealing for people convicted of less serious…
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Colorado Supreme Court takes up cases on Title IX investigations, COVID campus closure
The Colorado Supreme Court recently agreed to hear multiple cases implicating a witness’ immunity for making defamatory statements in a school sex assault investigation, whether a university can be sued for closing its campus early in the COVID-19 pandemic, and whether a man should receive a new trial for his numerous securities fraud convictions. At…
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Two Colorado Springs businessmen indicted on suspicion of securities fraud
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Two Colorado Springs businessmen were indicted Wednesday on suspicion of soliciting money from investors to purchase personal luxury items. Joseph David Ryan, 58, was charged with 10 counts of securities fraud for allegedly selling securities in Madyson Capital Management without notifying investors that the funds…