The office of the Montana securities commissioner issued a press release today about a Miles City man accused of bilking at least two people—one of them 100 years old and the other suffering from dementia—of thousands of dollars. Innocent till proven guilty, I know, but the whole thing is pretty appalling. Here’s the whole press release, very lightly edited:
HELENA—A Helena judge has issued a temporary restraining order against a Miles City man state authorities believe is running an illegal Ponzi scheme that has already depleted the life savings of one 100-year-old victim and siphoned another $50,000 from a 75-year-old victim with dementia. Both of the alleged victims live in Miles City. District Judge Kathy Seeley issued a temporary restraining order June 12 against Richard Brandt, also of Miles City, after attorneys from the Office of Montana Securities Commissioner Monica J. Lindeen began investigating him upon hearing of a century-old-Miles City woman who had lost more than $73,000 to Brandt’s investment scheme. Continue Reading →
