Colorado’s Attorney General recently provided MD#2 property owners an avenue to reduce MD#2 bond liability

The Colorado AG’s office opened a fraud, waste and abuse website which consolidates reports of wrongdoing by MD board members and other affiliates not acting in the best interest of Metropolitan District property owners. In submitting a report to this website, One should focus on the the categories involving Ponzi Schemes (IGAs not involving cities or counties and Junior bond debt issues, and Refunding agreements) and Securities Fraud (Carry back, self serving debt to related parties and Junior bond debt) which create future liabilities of MD#2 property owners. Most of this information is list on public domains, DORA Local Affairs and Electronic Municipal Market Access(EMMA) or Emma.MSRB.org.

These informed reports will allow the AG’s office to coordinate investigations with the FBI and the DOJ, which investigates civil fraud incidents adversely impacting Federal Related, and Insured Home Mortgages.

The Colorado legislature could fund this project be imposing additional $30.00 fees for every report the MD is required to upload to Department of Local Affairs and assess each Lew firm a $100.00 penalty for each written Director Conflict of Interest statement NOT collected.