Kentucky.gov

Below is a list of all current press releases.  To view the full text, click on the press release title.  The press releases listed below are less than 180 days old.

• Campbellsville Business Man Sentenced 240 Months for Multi-Million Dollar Investment Scam
  Monday, May 07, 2012
  A Campbellsville business man who defrauded hundreds of people out of millions of dollars as part of a nationwide and international investment scam, was sentenced today to 240 months in prison. U.S. District Court Judge Karen Caldwell sentenced 58-year-old Gary M. Milby for mail fraud, wire fraud and securities fraud. Judge Caldwell also ordered Milby and codefendant Bryan S. Coffman to pay full restitution in excess of $36 million.
• Lexington Attorney Sentenced to 25 Years for Multi-Million Dollar Investment Scam
  Wednesday, May 02, 2012
  A Lexington attorney, who helped others defraud hundreds of people out of millions of dollars as part of a nationwide and international investment scam, was sentenced today to 25 years in prison. U.S. District Court Judge Karen Caldwell sentenced Bryan S. Coffman, 48, for multiple counts of mail fraud, wire fraud, securities fraud, money laundering and conspiracy. Judge Caldwell also ordered Coffman and co-defendant Gary M. Milby to pay full restitution in excess of $36 million.
• Louisville Resident Guilty of Mortgage Fraud
  Wednesday, May 02, 2012
  Stephen C. Netherton, of Louisville, has been sentenced to 24 months in prison and ordered to pay $870,000 in restitution by U.S. District Judge Charles R. Simpson III. Netherton pled guilty to charges of engaging in a conspiracy to commit bank and wire fraud by intentionally devising a scheme to defraud various banks and mortgage lenders.
• Cleveland Fed President to Keynote KY Banking Commissioner’s Event
  Tuesday, April 10, 2012
  DFI, Federal Reserve host ‘A Day with the Commissioner’ event for banking leaders on April 16 in Lexington
• DFI Celebrates Financial Literacy Month with Education
  Friday, March 30, 2012
  The Department of Financial Institutions (DFI) is celebrating Financial Literacy Month this April with programs to help Kentucky students become money savvy.
• Beware of After-Storm Scams
  Friday, March 09, 2012
  DFI reminds consumers to avoid fraudulent charities, contractors and other scams in the wake of recent storm damage across the state.
• Temporary Bank Facilities Now Open in West Liberty Area
  Tuesday, March 06, 2012
  The storm-damaged banks in West Liberty have resumed business at remote locations, accepting deposits and providing cash withdrawals up to $500 per day, the Department of Financial Institutions (DFI) announced.
• West Liberty Bank Customers Have Access to Money Despite Storm Damage
  Tuesday, March 06, 2012
  Although three banking facilities were damaged in West Liberty, Ky., as a result of Friday’s storms, measures are being taken to ensure that customers have ready access to their money and other banking services.
• Celebrate ‘Kentucky Saves Week’ at the Capitol
  Monday, February 20, 2012
  The Kentucky Department of Financial Institutions (DFI) will take part in a “Kentucky Saves Week” celebration at the state capitol on Wednesday, Feb. 22, beginning at 9 a.m. The general public is invited to attend.
• DFI Joins Historic State-Federal Mortgage Servicing Settlement
  Thursday, February 09, 2012
  Today the Department of Financial Institutions (DFI) announced it is participating in the $25 billion national mortgage settlement reached in response to significant and far-reaching problems discovered in the residential mortgage servicing industry. The settlement is between state attorneys general, state financial regulatory agencies, federal agencies and the five largest mortgage servicing companies – Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc., and Ally Financial Inc.
• Financial Institutions Board Gains New Members
  Friday, January 27, 2012
  Gov. Steven L. Beshear has appointed two new members to the Financial Institutions Board and reappointed another member. The board reviews and discusses reports regarding the Department of Financial Institutions (DFI) and the financial services industries in Kentucky.
• DFI Kicks Off Centennial Celebration With 100 Money Smart Tips for Consumers
  Thursday, December 29, 2011
  For the new year, the Department of Financial Institutions (DFI) is offering consumers 100 tips for being money smart in honor of the agency’s 100 years serving Kentucky.
• Autotruck Federal Credit Union Converts to State Charter
  Wednesday, December 28, 2011
  The Department of Financial Institutions (DFI) presented Autotruck Federal Credit Union – now Autotruck Financial Credit Union (AFCU) – with its state-charter conversion. AFCU becomes the 25th credit union under DFI’s supervision.