Sale of fake bonds to Mont. tribes leads to fine

10/31/2012 | Williston Daily Herald (N.D.)

A man has been fined nearly $170,000 by Montana's insurance commissioner in connection with the sale of fake surety bonds to the Gros Ventre and Assiniboine tribes. The man was not licensed in the state, and the company he said he owned was not registered either there or in Nevada, where he said the firm was based, according to a spokesman for the commissioner. A cease-and-desist order was issued against the man in 2007 relating to bid bonds that he had sold for construction work.

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Williston Daily Herald (N.D.)

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