Fraud

Texters attempt Pine River scam

Many locals with cellphones received text messages Monday that their Pine River Valley Bank cards had been temporarily suspended, but it was all a scam. “Nothing at the bank has been hacked,” the...

DATE: Sept. 22, 2013 | CATEGORY: Local News

Sentencing delayed for ex-Durango developer

DENVER – A former Durango real estate developer will have to wait until December to see whether he goes to prison for tax evasion. James G. Kreutzer, developer of several troubled projects in...

DATE: Sept. 16, 2013 | CATEGORY: Local News

Former Cortez bookkeeper pleads guilty to tax evasion

DENVER – The former bookkeeper at a Cortez business-supply store is probably headed to prison after pleading guilty Wednesday to four counts of income-tax fraud. Brian K. Shoults of Mesa, Ariz.,...

DATE: May 28, 2013 | CATEGORY: Local News

Durango man pleads guilty to tax evasion

A Durango man pleaded guilty to tax evasion this week in federal court in New Mexico.Hak Ghun, 62, is facing 12 to 18 months in prison after signing a plea agreement with the U.S. Attorney’s...

DATE: Feb. 22, 2013 | CATEGORY: Local News

Iron Horse fraud probe continues

Investigation into the widespread credit-card fraud that targeted numerous people registered for this year’s Iron Horse Bicycle Classic continued this week. The Durango Police Department had...

DATE: Feb. 20, 2013 | CATEGORY: Local News

Watch out for scams, Durango police warn

The Durango Police Department is warning the public about several scams circulating in the community that aim to dupe residents out of hundreds, if not thousands, of dollars.The scams, which have...

DATE: Feb. 16, 2013 | CATEGORY: Local News

Iron Horse bike race reports fraud

Numerous people who registered for the Iron Horse Bicycle Classic may be victims of credit-card fraud, race officials said Thursday.At least 20 people reported fraudulent activity since Sunday,...

DATE: Feb. 14, 2013 | CATEGORY: Local News

For a Ponzi payout, call the tooth fairy

The typical advice investors receive about financial fraud is this: If it sounds too good to be true, then it is.But that advice too often is ignored.An investigation by The Durango Herald into a...

DATE: Feb. 4, 2013 | CATEGORY: Local News

After the scheme collapses, scammers recede into shadows

They have never met, but Alan Yoder and Ray Fite have something in common.They both lost much of their retirement savings to a shadowy entity known as Methwold International Finance Co.Yoder, of...

DATE: Feb. 3, 2013 | CATEGORY: Local News

Scammers often earn victims’ trust through shared hopes, dreams, beliefs

Fred Baker was no ordinary Ponzi schemer.He was a misguided investor who thought he could game the Ponzi system and felt bad when the plan fell apart, his lawyer said at his 2011 sentencing.And he...

DATE: Feb. 2, 2013 | CATEGORY: Local News

A man, a plan, a scam

Back in 2006, Frederick H.K. Baker came to Durango and dangled the promise of safe, easy money. With his secret formula for trading foreign currency, select investors could make a guaranteed 10...

DATE: Feb. 2, 2013 | CATEGORY: Local News

Sorry PayPal users, refund email a scam

The La Plata County Sheriff’s Office is warning residents of an online scam targeting PayPal customers.Fraudulent notifications about a bogus refund are being emailed to residents that attempt to...

DATE: Oct. 3, 2012 | CATEGORY: Local News