The state says the promoters failed to tell investors about past bankruptcies, falsely claimed they were affiliated with golfing great Arnold Palmer, and tricked investors into thinking they would realize 10 to 15 percent returns.
Denver
Rockies Venture Club raising $4M fund
The 30-year-old club is betting it can use its network of more than 200 angel investors and 250 entrepreneurs to fund startups in need of a couple hundred thousand dollars to get started.
Denver Water vets sites for underground water storage
Sometimes drilling isn’t just for pulling resources out of the earth.
Leetsdale dairy demolished; more self-storage coming
A Denver-based self storage brand has plans for another location along a high-traffic thoroughfare.
Gold King Mine owner files suit against mine operators
The owner of the site of an accident that sent millions of gallons of polluted water into the Animas River is trying to settle a score with mine operators he says defrauded creditors like him.
CU Denver awards more than $30K in biz plan contest
In the fifteenth year of the business plan competition, winners included apps, snack bars and lawn games.
Denver Health and UC lock in $90M DoD contract
Denver Health and the University of Colorado School of Medicine have won a share of a Department of Defense contract for up to $90 million to study trauma care.
Short term rental landlords slow to comply with pending regulations
Though the city of Denver knows some of the Airbnb-ers, fewer than 100 properties out of more than 4,000 on short-term leasing sites are registered with the city eight weeks before new regulations kick in.
Energy firm to liquidate through Ch. 7
PetroHunter Energy Corporation listed assets between $1 million and $10 million and liabilities between $100 million and $500 million when it filed bankruptcy this week.
Metropolitan State loses least in tough year for college endowments
For university endowments this year, a strong performance meant losing the least, not gaining the most.