Investment Fraud

Securities Commissioner Matt Rosendale announced on Wednesday, that his office has reached a $101,000 settlement with a New York financial firm for bilking a Chester, Mont., man out of $78,000 through improper securities transactions.

On Wednesday, December 11, a Bozeman jury found Richard Reynolds of Belgrade guilty of six felony charges for bilking 141 victims out of $5.4 million through investor theft and running a massive Ponzi scheme.