Below you will find a list of press releases that are more than 180 days old.  To view a press release, click on the title.

• Kentucky Credit Union Regulator Earns Reaccreditation
  Tuesday, November 13, 2012
  The Department of Financial Institutions (DFI) has achieved its second reaccreditation this year.
• Crowdfunding Investments Could Be Risky
  Thursday, November 08, 2012
  The Kentucky Department of Financial Institutions warns of potential scams relating to crowdfunding investments
• Morgan Keegan States’ Fund Settlement Checks to Be Distributed Nov. 5
  Friday, November 02, 2012
  The state securities regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee are notifying investors entitled to reimbursement from the recent Morgan Keegan settlement that their States’ Fund distribution checks will be mailed Nov. 5, 2012. A.B. Data Ltd., as the Fund Administrator, will be mailing checks to all investors who filed an approved eligible claim within the claim filing period.
• Owensboro Seniors Get Information at Scam Jam
  Friday, October 19, 2012
  About 175 Owensboro area seniors learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar today.
• Seniors Invited to Free Fraud Prevention Event Oct. 18
  Tuesday, October 09, 2012
  FRANKFORT, Ky. (Oct. 9, 2012) –Seniors from Owensboro and the surrounding area are invited to a FREE workshop Thursday, Oct. 18, to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Participants who register by calling 800-223-2579 or on-line at http://kfi.ky.gov will be provided with lunch, take-home materials and a chance to win door prizes.
• Financial Institutions Board to Hold Annual Meeting on Thursday
  Wednesday, September 26, 2012
  The Board of the Kentucky Department of Financial Institutions (DFI) will meet on Thursday, Sept. 27, 2012, at Lake Cumberland State Resort Park in Jamestown, Ky. The meeting is open to the public.
• Frankfort Seniors Get Information at Scam Jam
  Wednesday, September 05, 2012
  About 70 seniors from 10 counties around Frankfort learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar today.
• Seniors Invited to Free Fraud Prevention Event in Frankfort on Sept. 5
  Wednesday, August 29, 2012
  Seniors from Frankfort and the surrounding area are invited to a FREE workshop Wednesday, Sept. 5, to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Participants who register by calling 800-223-2579 will be provided with lunch, take-home materials and a chance to win door prizes.
• Lexington Businessman Sentenced to 57 Months for Defrauding Investors
  Monday, August 06, 2012
  A Lexington businessman, Douglas Patrick Healy, who operated a computer software company was sentenced to 57 months in prison for scheming investors out of their money.
• Money Transmitters Can Now Utilize Online Licensing
  Wednesday, August 01, 2012
  Today the Department of Financial Institutions (DFI) began accepting applications and renewals from money transmitters online through the NMLS system.
• Report: Depository Assets Grow; Securities Investigations Lead to Consumer Restitution
  Tuesday, July 31, 2012
  Department of Financial Institutions Issues Annual Report About Banks, Credit Unions, Lenders, Securities
• Department of Financial Institutions Celebrates 100 Years
  Wednesday, July 11, 2012
  Today the Kentucky Department of Financial Institutions (DFI) celebrated its 100th anniversary as a state agency.
• Jonathan Leber Sentenced to 10 Years in Prison
  Friday, June 29, 2012
  Jonathan Leber, 36, of Glasgow, was sentenced in Jefferson County Circuit Court on Wednesday to 10 years in prison and ordered to pay restitution of $210,300 to Jefferson County victims. Leber pleaded guilty to two counts of theft by deception and two counts of failure to register as a broker-dealer agent. The terms will be served concurrently for a total of 10 years.
• Kentucky Bank Regulator Earns Reaccreditation
  Monday, June 25, 2012
  Today the Department of Financial Institutions (DFI) announced it has earned its fourth reaccreditation from the Conference of State Bank Supervisors (CSBS). DFI has been consistently accredited – and recognized as operating a capable and professional regulatory program – since 1992.
• Morgan Keegan Bond Fund Claims Due Now
  Wednesday, June 06, 2012
  Today the Department of Financial Institutions (DFI) announced the deadline to file a claim to participate in the Morgan Keegan Bond Fund Claims Process is June 16. Late filings will not be accepted.
• Somerset Area Seniors Get Information at Scam Jam
  Thursday, May 31, 2012
  More than 45 Somerset area seniors learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar today. The Senior Scam Jam is designed to raise awareness about the techniques con artists use, so seniors can recognize the tactics and protect themselves from fraud.
• Kentucky Banking Commissioner to Help Lead National Group
  Tuesday, May 29, 2012
  Charles Vice, commissioner of the Kentucky Department of Financial Institutions (DFI), has been voted into a leadership position with the Conference of State Bank Supervisors (CSBS) governing board.
• Seniors Invited to Free Fraud Prevention Event May 31
  Friday, May 25, 2012
  Seniors from Somerset and the surrounding area are invited to a FREE workshop Thursday, May 31, to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Register by calling 800-223-2579 by Tuesday.
• 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.
• Hotline on Thursday Helps Prevent Elder Financial Abuse
  Wednesday, November 09, 2011
  A hotline will be available for one day only on Thursday, Nov. 10 to give Kentuckians financial and medical advice to help protect the elderly from financial fraud. Three separate phone lines – covering general finance, medical and financial abuse questions – will be available from 9 a.m. to 6 p.m. EST on Thursday.
• Lexington Businessman Indicted for Wire and Securities Fraud
  Wednesday, November 09, 2011
  A Lexington business owner was indicted for using a scheme to defraud investors out of more than a million dollars.
• Federal and State Regulators Appoint Administrator to Return $200 Million to Investors
  Thursday, October 27, 2011
  The U.S. Securities & Exchange Commission and regulators from Tennessee, Alabama, Kentucky, Mississippi, and South Carolina announced today the appointment of A.B. Data, Ltd. of Milwaukee to distribute $200 million to investors from the regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management.
• Department of Financial Institutions Launches New Website
  Monday, October 10, 2011
  The Kentucky Department of Financial Institutions (DFI) today launched a new website at http://kfi.ky.gov. The new website improves navigation and access to the wealth of information on DFI’s site.
• Make a Financial Plan – And Check Out Your Adviser or Lender
  Tuesday, October 04, 2011
  The Department of Financial Institutions (DFI) urges consumers to take time during Financial Planning Week, Oct. 3-9, 2011, to re-evaluate personal goals and the financial paths to achieve them. And, whether consumers are considering possible changes to their investment portfolio or refinancing a mortgage loan, DFI can help check out the background and registration of a stockbroker, investment adviser or mortgage lender.
• Traveling Evangelist Sentenced to 48 Months in Prison and Ordered to Pay Restitution for Defrauding Individuals in an Oil and Gas Scheme
  Tuesday, September 20, 2011
  Traveling evangelist Ernest Cadick sentenced to 48 months in prison and ordered to pay restitution of nearly $720,000 for defrauding individuals in an oil and gas scheme
• Elizabethtown Area Seniors Get Information at Scam Jam
  Monday, September 19, 2011
  More than 100 Elizabethtown area seniors learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar today.
• Seniors Invited to Free Fraud Prevention Event Monday in Elizabethtown
  Friday, September 16, 2011
  Seniors from Elizabethtown and the surrounding area are invited to a FREE workshop Monday Sept. 19, 2011 to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Participants who register in advance by calling 800-223-2579 will be provided with lunch, take-home materials and a chance to win door prizes.
• Financial Institutions Board to Hold Annual Meeting
  Monday, August 29, 2011
  The Board of the Kentucky Department of Financial Institutions (DFI) will meet from 1:30 to 5:30 p.m. CDT on Wednesday, Aug. 31, at Rough River Dam State Resort Park in Falls of Rough, Ky.
• Report: Kentucky Financial Institutions Remain Stable
  Thursday, July 21, 2011
  The 2010 Annual Report of the Kentucky Department of Financial Institutions (DFI) shows state financial institutions continue to remain stable despite economic hardships, thanks to strong capital positions coupled with sound risk management practices.
• Ernest Cadick Enters Alford Plea in Securities Theft Case
  Tuesday, July 12, 2011
  Ernest William Cadick, 60, of Louisville, Monday entered an Alford plea in Jefferson County Circuit Court to three counts of theft by failure to make required disposition of property over $300. An Alford plea means he did not admit to the act but admits that the prosecution could likely prove the charges, which are punishable between five and 10 years incarceration and between $1,000 and $10,000 fine.
• Five Sentenced in Target Oil and Gas Investment Fraud Scheme
  Wednesday, July 06, 2011
  Five individuals were sentenced in U.S. District Court in Lexington last week on charges related to an investment fraud scheme through a company called “Target Oil and Gas.” The Kentucky Department of Financial Institutions (DFI) was instrumental in assisting the U.S. Attorney’s Office and the U.S. Postal Inspection Service in investigating the case.
• Morgan Keegan Enters Settlement With Regulators
  Wednesday, June 22, 2011
  Today the Kentucky Department of Financial Institutions (DFI) announced a multi-state settlement and entry of consent orders with Morgan Keegan & Company (MKC), and Morgan Asset Management (MAM), and certain employees. $200 million will be repaid to investors in the multi-state case.
• Purported Traveling Evangelist Averts Trial and Pleads Guilty to Defrauding Individuals of Over $700,000
  Wednesday, June 22, 2011
  Ernest Cadick of Elizabethtown, Ky., averted a trial in United States District court this morning by entering a guilty plea to a federal indictment charging him with 17 counts of wire fraud, announced David J. Hale, United States Attorney for the Western District of Kentucky.
• California Man Accused in Bogus Investment Scheme Makes First Court Appearance
  Friday, June 10, 2011
  A former fugitive wanted by the FBI for allegedly defrauding individuals in multiple states out of hundreds of thousands of dollars made his first court appearance in the Eastern District of Kentucky today. Harold Carmical Jr., 62, who recently lived in Somerset, Ky., was arrested on May 5 in California.
• Richmond Area Seniors Get Information at Scam Jam
  Thursday, May 19, 2011
  About 55 Richmond area seniors learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar today.
• Oil and Gas Schemers Convicted of Defrauding Investors Out of Millions
  Thursday, May 12, 2011
  A Lexington attorney and a Campbellsville businessman were convicted today by a Lexington jury for their roles in devising a scheme to defraud hundreds of investors in oil and gas drilling programs out of $33 million.
• DFI Focuses on Seniors During Older Americans Month
  Wednesday, May 11, 2011
  In May, the Department of Financial Institutions is supporting Older Americans Month by offering educational outreach focused on helping Kentucky senior citizens avoid fraud and financial exploitation.
• Richmond Area Seniors Invited to Free Fraud Prevention Event
  Tuesday, May 10, 2011
  Seniors from Richmond and the surrounding area are invited to a FREE workshop to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Participants who register by calling 800-223-2579 will be provided with lunch, take-home materials and a chance to win door prizes.
• Ashland Area Seniors Get Information at Scam Jam
  Thursday, April 21, 2011
  About 40 Ashland-area seniors learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar today.
• Bankers to Attend “A Day With the Commissioner” on April 18
  Friday, April 08, 2011
  The Kentucky Department of Financial Institutions (DFI) invites banking leaders from across the state to attend “A Day with the Commissioner” on April 18, 2011, at the Olmsted in Louisville, Ky.
• Kentuckiana Men Charged With Mortgage Fraud
  Thursday, February 24, 2011
  Six men were indicted by a federal grand jury in Louisville for engaging in a consipiracy to commit bank and wire fraud by submitting fraudulent mortgage loan information in the purchase of 19 properties in Louisville, Ky., and Jeffersonville, Ind. totaling nearly $5 million.
• DFI Supports Kentucky Saves Week With Workshop
  Monday, February 21, 2011
  Events at the Capitol Tuesday and free public workshop Thursday promote savings during Kentucky Saves Week, Feb. 20-27, 2011.
• Ring in the New Year with a Family Budget
  Monday, January 03, 2011
  A good resolution for the coming New Year might be to re-examine – or create for the first time – a family budget. The Kentucky Department of Financial Institutions (DFI) encourages consumers to review their personal budget several times a year.
• Kentucky Banking Commissioner Appointed to National Regulatory Boards
  Monday, December 06, 2010
  Department of Financial Institutions (DFI) Commissioner Charles A. Vice was recently appointed treasurer of three influential national bank regulatory boards.
• Kentucky Joins Nationwide Effort to Combat Financial Victimization of the Elderly
  Wednesday, November 17, 2010
  Governor Steve Beshear today announced that the Kentucky Department of Financial Institutions will join 23 other states in the groundbreaking Elder Investment Fraud and Financial Exploitation Prevention Program. The 24 states participating in the program will work with medical professionals to detect cases in which older Americans either are being scammed or are in danger of being ripped off by an investment con artist.
• Pikeville Seniors Get Information at Scam Jam
  Friday, October 29, 2010
  About 145 Pikeville-area seniors learned how to recognize and avoid investment fraud at a Senior Scam Jam seminar on Oct. 28.
• Seniors Invited to Free Fraud Prevention Event on Oct. 28
  Tuesday, October 19, 2010
  Pikeville area seniors are invited to a FREE workshop on Oct. 28 to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Participants who register by calling 877-926-8300 will be provided with lunch, take-home materials and a chance to win door prizes.
• Beware of Internet Payday Loan Collection Calls
  Thursday, October 07, 2010
  Attorney General Jack Conway and the Department of Financial Institutions (DFI) are warning consumers about calls from bogus collection agencies attempting to collect on illegal Internet payday loans.
• Financial Institutions Board to Hold Annual Meeting
  Monday, September 13, 2010
  The Board of the Kentucky Department of Financial Institutions (DFI) will meet on Wednesday, Sept. 15, 2010, at Pine Mountain State Resort Park in Pineville, Ky., at 1:15 p.m. EDT.
• DFI Lists Top 10 Investor Traps of 2010
  Monday, August 09, 2010
  Today the Department of Financial Institutions (DFI) released its annual list of traps that investors should avoid.
• Oil and Gas Official Convicted of Defrauding Investors Out of Millions
  Wednesday, July 21, 2010
  A federal jury in Lexington convicted an official from two oil and gas companies in Danville and Albany, Ky., on charges that he created a scheme to defraud investors in Kentucky and other states out of millions of dollars. The official's brother was also convicted. The brothers are responsible for $3 million each in forfeiture charges.
• New Law Enhances Penalties for Investment Fraud Against Senior Citizens
  Thursday, July 15, 2010
  Investment scams that target senior citizens are now subject to more strict penalties as Senate Bill 130 takes effect today. Sen. Tom Buford sponsored the Kentucky Department of Financial Institution’s (DFI) legislation that passed during the 2010 General Assembly.
• Assets Grow at Kentucky Financial Institutions
  Thursday, July 01, 2010
  The 2009 Annual Report of the Kentucky Department of Financial Institutions (DFI) shows state financial institutions continue to hold steady or even improve in areas such as asset growth and profitability, despite the economy.
• HOPE Mortgage Company Ordered to Cease and Desist
  Friday, June 11, 2010
  The Kentucky Department of Financial Institutions (DFI) today issued a cease and desist order against a mortgage company called Home Ownership Possibilities for Everyone LLC (HOPE) in Louisville, Ky. The order prohibits HOPE from engaging in the mortgage business in Kentucky.
• Stewart Serves on National Credit Union Board
  Tuesday, May 04, 2010
  The Kentucky Department of Financial Institutions (DFI) today announced that Financial Institutions Division Director Kathy Stewart will serve on the Board of Directors of the National Association of State Credit Union Supervisors (NASCUS).
• Payday Lending Database Set to Launch
  Friday, April 30, 2010
  A new online, real-time payday lending database that will ensure lenders are complying with state law by limiting the number and amount of payday loans to consumers goes live today – well ahead of the July 1, 2010 mandate.
• Kentucky Joins Multi-State Action Against Morgan Keegan
  Wednesday, April 07, 2010
  Today the Kentucky Department of Financial Institutions (DFI) announced a multi-state administrative action seeking to revoke the registrations of Morgan Keegan & Company and Morgan Asset Management in four states.
• Kentucky Mortgage Regulator Achieves Accreditation
  Friday, February 26, 2010
  The Kentucky Department of Financial Institutions (DFI) has been recognized as one of the nation’s leading mortgage regulators, as Gov. Steve Beshear accepted DFI’s certificate of mortgage accreditation. Kentucky DFI is the third state mortgage regulator to achieve national accreditation by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).
• Governor Proclaims Kentucky Saves Week
  Monday, February 22, 2010
  This week marks an opportunity for everyone in Kentucky to consider ways to save money and reduce debt. Gov. Steve Beshear has proclaimed Feb. 21-28, 2010 as Kentucky Saves Week.
• Online Tool Provides Information on Mortgage Lenders
  Tuesday, January 26, 2010
  Kentucky consumers considering a mortgage now have a new online resource to make sure their lender is licensed. The Kentucky Department of Financial Institutions (DFI) today announced the launch of “NMLS Consumer Access.”
• In 2010, Take Control of Your Money
  Tuesday, December 29, 2009
  The Kentucky Department of Financial Institutions (DFI) encourages consumers to create or revise a budget, control the use of debt and save for the future, starting in 2010.
• State Banking, Lending, Securities Regulator Supports Financial Literacy
  Tuesday, December 22, 2009
  The Kentucky Department of Financial Institutions (DFI) is once again serving in a lead role in promoting financial literacy for Kentuckians of all ages. Kelly May, DFI public information officer, was elected to a second term as president of the Kentucky Jump$tart Coalition for Personal Financial Literacy®.
• Oil and Gas Schemers Indicted for Defrauding Investors Out of Millions
  Monday, December 07, 2009
  A Lexington attorney, his wife and two others were indicted today for using an alleged oil and gas scheme to defraud investors out of $34 million. The indictment alleges defendants used investor money for personal purchases.
• Take Time to Save for Retirement
  Monday, October 19, 2009
  The Kentucky Department of Financial Institutions (DFI) supports National Save for Retirement Week, Oct. 18-24, 2009, by encouraging Kentucky citizens to start saving now if you haven’t – or to review your account to make the most of your money if you are already saving.
• 10 Traps Could Catch Unwary Investors
  Wednesday, October 14, 2009
  The Kentucky Department of Financial Institutions (DFI) today issued its annual list of Top 10 Investor Traps.
• Wilson Named Chair of National Mortgage Testing Board
  Tuesday, October 13, 2009
  Ambrose Wilson IV, deputy commissioner of the Kentucky Department of Financial Institutions (DFI), has been appointed chairman of the national Mortgage Testing and Education Board of the Conference of State Bank Supervisors (CSBS).
• Financial Institutions Board to Hold Annual Meeting
  Wednesday, September 23, 2009
  The Board of the Kentucky Department of Financial Institutions will meet on Thursday, Sept. 24, 2009, at the Hilton Garden Inn in Bowling Green, Ky., at 1 p.m.
• Ernest Cadick Sentenced to Jail for Contempt
  Friday, September 18, 2009
  Franklin County Circuit Court Judge Phillip Shepherd today sentenced Ernest Cadick to 180 days in jail for contempt of court. Cadick violated a court order by selling investments without regulator approval.
• Oil and Gas Company Geologist Pleads Guilty to Role in Million Dollar Fraud Conspiracy
  Thursday, September 03, 2009
  The first member of an alleged scheme to defraud oil and gas investors in Kentucky and other states out of millions of dollars pleaded guilty today to his role in the conspiracy. West Virginia geologist Ray Garton,59, of Barrackville, W.Va. pleaded guilty today to conspiracy to commit mail and wire fraud.
• Judge Finds Young Defrauded Investors
  Thursday, August 20, 2009
  Franklin Circuit Court Judge Thomas Wingate issued an order finding that Anthony L. Young and Young Oil Corp. committed fraud and violated the Kentucky Securities Act. The case against Young was brought by the Kentucky Department of Financial Institutions (DFI). Young Oil Corp., and its principal and affiliates, sold interests in oil and gas programs.
• Regulator Issues Order Against Taylor, Bean & Whitaker
  Tuesday, August 18, 2009
  The Kentucky Department of Financial Institutions (DFI) has issued a cease and desist order against Taylor, Bean & Whitaker Mortgage Corp. (TBW). The mortgage company must service current loans, but cannot make new loans.
• Kentucky Financial Institutions Weather Economic Changes
  Wednesday, July 08, 2009
  The Kentucky Department of Financial Institutions (DFI) today released its 2008 Annual Report. Despite the national economic downturn, state-regulated financial institutions in Kentucky remain strong and able to serve their customers.
• Citizens, Service Providers Urged to Report Elder Abuse
  Monday, June 15, 2009
  Today is World Elder Abuse Awareness Day, and the Kentucky Attorney General’s Office and the Kentucky Department of Financial Institutions (DFI) are partnering to urge citizens to report possible elder abuse or financial exploitation.
• Kentucky Banks Rank Eighth in Profitability
  Wednesday, June 10, 2009
  The Kentucky Department of Financial Institutions (DFI) today announced that Kentucky banks are ranked eighth in the nation in terms of return on average assets (ROAA), which is a primary measure of profitability.
• Web Site Offers Investment, Credit Help
  Wednesday, May 27, 2009
  The Kentucky Department of Financial Institutions (DFI) today unveiled an upgrade to its Web site, www.kfi.ky.gov. The pages have been restructured to improve navigation relating to industry regulation and licensing. In addition, two brand new pages in the Public Resources channel offer investment and credit help for consumers.
• Financial Institutions Commissioner Earns National Board Appointment
  Friday, May 08, 2009
  Conference of State Bank Supervisors Selects Charles Vice for Leadership
• Jewell Robbins Sentenced on Criminal Charge
  Friday, April 10, 2009
  Judge, prosecutor declare Spindletop shares a scam as Jewell Robbins is sentenced for violating Kentucky’s securities laws.
• New Video Helps Citizens Avoid Fraud
  Wednesday, April 08, 2009
  DFI and AARP offer “Buyer Beware” DVDs free to groups of 25 or more to educate consumers on spotting and avoiding investment fraud.
• House Bill 106 Will Improve Mortgage Regulation
  Tuesday, March 31, 2009
  House Bill 106 amends Kentucky’s mortgage statutes to comply with the requirements set forth in the federal S.A.F.E. Mortgage Licensing Act. Kentucky is already ahead of some states in complying.
• DFI Warns of Oil and Gas Investment Fraud
  Wednesday, March 04, 2009
  The Kentucky Department of Financial Institutions (DFI) is joining national consumer organizations and government agencies in the 11th annual National Consumer Protection Week, March 1-7. DFI is brining awareness about fraud – especially oil and gas investment fraud – to help people protect their money.
• Kentucky Supports America Saves Week
  Friday, February 20, 2009
  Gov. Steven L. Beshear signs a proclamation urging citizens to ‘build wealth, not debt.’ The Department of Financial Institutions offers a free savings workshop Feb. 24 in Lexington.
• Jewell Robbins Pleads Guilty
  Friday, February 13, 2009
  Woman admits she illegally sold securities in violation of Kentucky's securities laws.
• Kentucky Banks Work to Continue Serving Customer Needs
  Tuesday, February 03, 2009
  The Kentucky Department of Financial Institutions (DFI) is working with financial institutions impacted by the recent snow and ice storm, especially in Western Kentucky, to ensure that services continue.
• Four Appointed to Financial Institutions Board
  Monday, January 26, 2009
  New members represent banks, the public from across Kentucky
• DFI Recognizes the Anniversary of the Mortgage Licensing System
  Tuesday, January 13, 2009
  One year ago, Kentucky was one of the first states to join the Nationwide Mortgage Licensing System (NMLS). Today, the Kentucky Department of Financial Institutions (DFI), the state mortgage regulator, continues to be at the forefront of improving mortgage regulation.
• Officials from Two Kentucky Oil and Gas Companies Arraigned on Charges of Defrauding Investors of $3 Million
  Wednesday, December 31, 2008
  The Office of the United States Attorney Eastern District of Kentucky announced that six officials from Target Oil and Gas and Kentucky and Indiana Oil and Gas companies were arraigned in U.S. District Court for an indictment accusing the defendants of defrauding their investors of more than $3 million. The Kentucky Department of Financial Institutions assisted in the investigation of this case.
• Elizabethtown Man Charged with Defrauding 17 Individuals Out of Over $700,000
  Friday, December 12, 2008
  United States Attorney Western District reports that Ernest Cadick was arrested and charged with 17 counts of wire fraud. DFI assisted in the investigation of this case.
• Securities Regulators Reach Settlement With Prosper.com
  Wednesday, December 03, 2008
  Peer-to-peer lending service agrees to $1 million penalty over unregistered securities. Kentucky securities regulators were among the first to raise concerns.
• Paducah Seniors Get Information at Scam Jam
  Thursday, November 20, 2008
  More than 100 Paducah-area seniors took advantage of a free seminar on fraud awareness Tuesday at the Senior Scam Jam. Participants learned to recognize common “red flags” of fraud and steps to take to avoid falling victim.
• Investors May Contact Firms About Auction Rate Securities Buybacks
  Friday, November 14, 2008
  Retail investors whose supposedly “liquid” Auction Rate Securities (ARS) became frozen in the market in the last year have a limited time to get their money back from the firms that sold the securities.
• Seniors Invited to Free Fraud Prevention Event
  Wednesday, November 12, 2008
  Paducah area seniors are invited to a FREE workshop on Nov. 18 to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Participants who register by calling 877-926-8300 will receive take-home materials, a free meal and a chance to win door prizes.
• DFI and AARP Partner to Offer “Free Lunch Seminar Monitor” Program
  Thursday, November 06, 2008
  The Kentucky Department of Financial Institutions (DFI) is working with AARP to recruit “Free Lunch Seminar Monitors.” These volunteers are provided tools and tips to spot the warning signs of a scam, and may assist state regulators in the fight against unscrupulous promoters and questionable investment practices.
• Free Workshops Assist Investors
  Friday, October 10, 2008
  The state securities regulator presents tips on selecting an adviser Oct. 16 and preventing fraud on Nov. 20 at the Durr Branch of the Kenton County Public Library.
• Financial Institutions Board to Hold Annual Meeting
  Tuesday, October 07, 2008
  The Board of the Kentucky Department of Financial Institutions (DFI) will meet on Thursday, Oct. 9, 2008, at Forcht Bank in Lexington, Ky, at 1 p.m.
• Russian Delegation Visits DFI
  Friday, October 03, 2008
  The Kentucky Department of Financial Institutions (DFI) today was honored to discuss the state and national banking system with a delegation of officials from Russia.
• Investors Must Stay Wary During Economic Turmoil
  Friday, October 03, 2008
  The Department of Financial Institutions (DFI) today cautioned Kentucky investors against making sudden and uninformed decisions amid the turmoil on Wall Street, as scams tend to flourish during uncertain times.
• DFI Helps Teach Children to Save
  Thursday, September 25, 2008
  The Kentucky Department of Financial Institutions (DFI) was pleased to assist the Louisville Branch office of the Federal Reserve Bank in presenting “Teach Children To Save Day” in Louisville on Wednesday.
• Library Presentation Benefits Investors
  Tuesday, September 16, 2008
  A free workshop at the Kenton County Public Library on Thursday will share what investors need to know before investing on their own.
• FDIC Official Named Banking Commissioner
  Thursday, July 31, 2008
  Charles Vice is appointed commissioner of the Kentucky Department of Financial Institutions.
• Jewell Robbins Sentenced to 120 Days in Jail
  Wednesday, July 16, 2008
  Franklin County judge finds her in contempt of court order
• Broker-Dealer Pleads Guilty to Criminal Intent
  Friday, July 11, 2008
  Michael Ray Ecton surrenders securities license
• DFI Identifies Traps That Could Burn Investors
  Thursday, July 03, 2008
  The Department of Financial Institutions (DFI) warns investors to beware of energy-related tips, speculative real estate promotions, unsolicited invitations from new online “friends” and complex investment products that fail to offer clear disclosures of their risks and costs.
• DFI Makes Motion to Hold Robbins in Contempt
  Monday, June 30, 2008
  The Kentucky Department of Financial Institutions today entered a motion in Franklin Circuit Court to hold Jewell Robbins in contempt of court for violation of the court’s orders of June 12, 2006, and May 10, 2007.
• 2007 Report Shows Growth in Financial Institutions
  Monday, June 30, 2008
  The Kentucky Department of Financial Institutions (DFI) today released its 2007 annual report, which shows a healthy outlook for the finance industry in Kentucky.
• Bowling Green Seniors Get Information at Scam Jam
  Thursday, June 19, 2008
  More than 80 Bowling Green-area seniors took advantage of a free seminar on fraud awareness Wednesday at the Senior Scam Jam. While there, they learned the “red flags” of fraud and how to avoid falling victim.
• Seniors Invited to Free Fraud Prevention Event in Bowling Green
  Monday, June 09, 2008
  Bowling Green area seniors are invited to a FREE workshop to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Participants will receive free handouts and materials. Free lunch and door prizes will be available for those who register by calling 877-926-8300.
• Murray-Area Seniors Get Free Information at Scam Jam
  Thursday, May 29, 2008
  More than 70 Murray-area seniors took advantage of a free seminar on fraud awareness Wednesday at the Murray Senior Scam Jam.
• Seniors Invited to Free Fraud Prevention Event
  Monday, May 19, 2008
  Seniors who live in and around Murray are invited to a FREE workshop on May 28 to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Participants will receive free handouts and materials. Free lunch and door prizes will be available for those who register by calling 877-926-8300.
• OFI Hosts White Collar Crime School
  Monday, May 19, 2008
  Law enforcement officers, regulators from across the U.S. learn to examine, present records
• Gov. Beshear Signs Mortgage Bill Into Law
  Monday, April 28, 2008
  Steven L. Beshear today ceremonially signed into law House Bill 552, which makes widespread changes in the state’s mortgage industry. The official signing was April 24. Unless stated otherwise in the bill, these changes take effect immediately.
• Governor to Sign Mortgage Bill into Law
  Friday, April 25, 2008
  On Monday, Gov. Steve Beshear will sign into law House Bill 552, which makes changes in Kentucky’s mortgage industry designed to protect consumers and reduce fraud.
• Foreclosure Prevention Efforts Aren't Keeping Up With Trends
  Thursday, April 24, 2008
  Industry measures to keep homeowners out of foreclosure are barely keeping pace with the rising rate of homeowners in trouble, according to the latest statistics collected by a group of state officials working to prevent home foreclosures.
• Lexington Seniors Get Free Information at Scam Jam
  Thursday, April 24, 2008
  More than 110 Lexington-area seniors took advantage of a free seminar on fraud awareness Wednesday at the Lexington Senior Scam Jam. Participants learned to recognize the common “red flags” of fraud and to take steps to avoid falling victim.
• Seniors Invited to Free Fraud Prevention Event
  Monday, April 21, 2008
  Lexington regional area seniors are invited Wednesday to a FREE workshop to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Complimentary lunch and door prizes will be available for those who register by calling 877-926-8300.
• OFI Reminds Investors of Account Safeguards
  Wednesday, March 26, 2008
  In the wake of recent turbulence in financial markets, the Kentucky Office of Financial Institutions (OFI), today joined with national securities organizations to remind investors of the important and effective safeguards already in place to protect their brokerage account assets.
• Seniors Invited to Free Fraud Prevention Event
  Wednesday, March 05, 2008
  Northern Kentucky area seniors are invited to a FREE workshop on Tuesday, March 18, to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Complimentary lunch and door prizes will be available for those who register by calling 877-926-8300.
• OFI Highlights Fraud Prevention During America Saves Week
  Friday, February 22, 2008
  Kentuckians should save for the future and protect their wealth
• Investor Alert: Beware of 'IRA Approved' Scams
  Thursday, February 14, 2008
  Scam artists use the April 15 tax deadline to promote bogus deals
• Report Indicates Mortgage Servicers Should Reach Out More
  Friday, February 08, 2008
  OFI encourages lenders and consumers to work together to avoid foreclosure
• Investor Alert: Scams Often Hide Behind the Headlines
  Monday, January 28, 2008
  The Kentucky Office of Financial Institutions (OFI) cautions investors not to allow recent negative economic news and stock market volatility to lead them into high-risk, speculative investments. These securities may be nothing more than fraudulent schemes hiding behind today’s headlines.
• Businessman Indicted for Defrauding Investors in Oil and Gas Development Projects
  Friday, January 25, 2008
  United States Attorney Western District reports the indictment of David G. Rose.
• LIBRARY PRESENTATION BENEFITS INVESTORS OF ALL AGES
  Friday, January 25, 2008
  Johnson Countians are invited to a library workshop on Tuesday that encompasses what all investors need to know before investing on their own.
• Nationstar Agrees to $105,000 Settlement
  Wednesday, January 09, 2008
  The Kentucky Office of Financial Institutions (OFI) today announced it has reached a $105,000 settlement agreement with Nationstar Mortgage LLC, formerly known as Centex Home Equity Company LLC.
• Kentucky Joins Launch of Mortgage Licensing System
  Thursday, January 03, 2008
  The Kentucky Office of Financial Institutions (OFI) joined six other state agencies in participating in the Nationwide Mortgage Licensing System (NMLS) on its first day of service Jan. 2, 2008.
• Nave Sentenced to Five Months Incarceration for Perjury
  Monday, November 05, 2007
  The following press release was issued by the Office of the United States Attorney Eastern District of Kentucky. This case was investigated by OFI and referred to federal authorities for prosecution, which led to the sentencing of Leonard K. Nave.
• FINANCIAL INSTITUTIONS LAUNCHES IMPROVED WEB SITE
  Wednesday, October 31, 2007
  www.kfi.ky.gov redesigned for ease of use
• RULES CHANGE FOR LENDING TO MILITARY MEMBERS, FAMILY
  Wednesday, October 24, 2007
  State-regulated lenders notified of the federal change
• FREE SEMINAR HELPS CONSUMERS WITH INVESTMENTS
  Monday, October 22, 2007
  Investors of all ages, experience and financial resources will be able to obtain useful advice at a free seminar co-sponsored by the Kentucky Office of Financial Institutions (OFI) at the Louisville Free Public Library on Oct. 27.
• BANKERS GATHER TO DISCUSS DISASTER PREPAREDNESS
  Thursday, October 18, 2007
  About 120 bankers and regulators from five states gathered in Cadiz, Ky., Tuesday to exchange ideas about the potential risks to financial institutions posed by a major disaster and the sources of assistance available should such an event occur. The discussion included earthquakes, floods, pandemics and more.
• OFI CONFERENCE PROVIDES BANKERS WITH INFORMATION
  Monday, October 15, 2007
  Bank Executive Management Conference deemed a success
• FINANCIAL INSTITUTIONS BOARD TO HOLD ANNUAL MEETING
  Thursday, October 04, 2007
  The Board of the Kentucky Office of Financial Institutions (OFI) will meet on Tuesday, Oct. 9, at the Louisville Marriott Downtown at 2 p.m.
• OFI ENCOURAGES PEOPLE TO EVALUATE FINANCES
  Friday, September 28, 2007
  Financial Planning Week™ is a good time to review accounts, plan ahead
• OFI OPENS NEW LOUISVILLE FIELD OFFICE
  Monday, September 24, 2007
  Relocation offers expanded space for improved efficiency
• OFI ADOPTS STATEMENT ON SUBPRIME MORTGAGE LENDING
  Tuesday, September 18, 2007
  Guidance addresses risks associated with products and lending practices
• OFFICE OF FINANCIAL INSTITUTIONS IS REACCREDITED
  Monday, September 10, 2007
  The Kentucky Office of Financial Institutions (OFI), which is responsible for regular examinations of banks and other financial institutions, has itself undergone an examination and received high marks from its national accrediting organization.
• OFI WILL BE AMONG FIRST TO JOIN NATIONWIDE MORTGAGE DATABASE
  Tuesday, August 28, 2007
  System will enhance consumer protection and streamline licensing
• JUPITER ENERGY LLC UNDER PERMANENT RESTRAINING ORDER
  Tuesday, August 21, 2007
  Jupiter Energy LLC and its operators are now permanently barred from doing business in Kentucky unless they disclose their negative legal history in writing to potential customers. The Kentucky Office of Financial Institutions (OFI) obtained a temporary restraining order against the company last year, which has now been made permanent by the Franklin Circuit Court.
• OFI CREDIT UNION BRANCH RECEIVES ACCREDITATION
  Wednesday, August 01, 2007
  High score earned from National Association of State Credit Union Supervisors
• OFI INSTRUMENTAL IN HAVING LOAN SCAM WEB SITES REMOVED
  Wednesday, July 18, 2007
  Two sites operated by illegitimate company removed by host servers
• OFI ALERTS CONSUMERS TO MORTGAGE PAYMENT INCREASES
  Thursday, July 12, 2007
  Adjustable rate mortgage “recasts” could significantly increase payments
• KENTUCKY FINANCIAL INSTITUTIONS DO WELL IN 2006
  Tuesday, July 10, 2007
  Annual report shows state-chartered entities grow their business
• OFI WARNS CONSUMERS OF POSSIBLE LOAN SCAM
  Tuesday, July 10, 2007
  OFI has recently received numerous complaints and inquiries from consumers and the Better Business Bureau about an entity using the name of Kentucky Title Loans and the Web site www.ktlinc.net. The company does not appear to be a legitimate Kentucky business.
• BEWARE: TOP 10 INVESTOR TRAPS OF 2007
  Wednesday, May 30, 2007
  Office of Financial Institutions lists the most common schemes facing investors
• OFFICE OF FINANCIAL INSTITUTIONS CAUTIONS INVESTORS
  Tuesday, May 15, 2007
  As rising fuel prices drive up interest in oil and gas exploration, the Office of Financial Institutions (OFI) cautions investors to research before investing in drilling ventures or other types of securities.
• JUDGE FINDS JEWELL ROBBINS IN CONTEMPT OF COURT
  Thursday, May 10, 2007
  Franklin Circuit Court Judge Thomas D. Wingate today signed an order finding Jewell Robbins in contempt of court for “a willful, knowing violation” of an injunction forbidding her from continuing selling unregistered securities.
• JUDGE HEARS CASE AGAINST JEWELL ROBBINS
  Tuesday, May 01, 2007
  Today the Office of Financial Institutions (OFI) presented evidence to Judge Thomas Wingate in the agency’s motion for contempt against Jewell Robbins, aka Alvina Jewell Robbins Burgin, in a Franklin Circuit Court hearing.
• OFFICE OF FINANCIAL INSTITUTIONS CONTINUES EARTH DAY PROJECT
  Tuesday, May 01, 2007
  A historic site on the Kentucky State University (KSU) south campus received another facelift today as staff members from the Office of Financial Institutions (OFI) continued their selected Earth Day project.
• OFFICE OF FINANCIAL INSTITUTIONS JOINS NATIONAL MORTGAGE LICENSING SYSTEM
  Thursday, March 01, 2007
  The Office of Financial Institutions (OFI) announces plans to participate in the Residential Mortgage Licensing System now under development. To date, 28 states have indicated their intent to participate in the nationwide system by the end of 2009.
• OFFICE OF FINANCIAL INSTITUTIONS ADOPTS NATIONAL UNIFORM MORTGAGE LICENSING FORMS
  Friday, February 02, 2007
  Revised mortgage licensing forms are precursor to national online system
• OFFICE OF FINANCIAL INSTITUTIONS INCREASES EXAMINER COMPENSATION
  Friday, January 19, 2007
  Examiner salaries become more competitive, staff moves to 40-hour work week
• OFFICE OF FINANCIAL INSTITUTIONS WARNS AGAINST SLIPPERY INVESTMENTS
  Wednesday, January 17, 2007
  Oil and gas scams remain favored ploy to fleece investors
• Office of Financial Institutions adopts regulatory guidance on nontraditional mortgage products
  Tuesday, November 28, 2006
  The Kentucky Office of Financial Institutions today announced adoption of regulatory guidelines covering the marketing of nontraditional mortgages by state-licensed entities. The guidelines will require mortgage providers to clearly disclose all risks.