diverted funds News

Vermont Ski Resort to Open with $6.5M Shortfall After Fraud Case

A ski resort whose owner and president were accused by the Securities and Exchange Commission of massive fraud months ago is set to open for the season on Saturday with what a federal receiver overseeing it says is a $6.5 …

Kansas Insurance Department Seeking to Raise Insurer Fees

The Kansas Insurance Department is asking the Legislature for permission to raise fees paid by insurance companies because the state has diverted millions of dollars from its regulatory fund for other purposes. Zachary Anshutz, assistant commissioner of insurance, said the …