The Colorado Attorney General announced a major enforcement sweep targeting thousands of fraudulently filed businesses that used false information in Colorado registrations to facilitate scams including cryptocurrency fraud, investment fraud, and romance scams. The lawsuits seek court orders to dissolve these entities and the AG's office worked to take down associated websites.
The lawsuits seek court orders to dissolve thousands of allegedly fraudulent businesses and the Attorney General's Office worked with platform hosts to take down websites connected to 11 fraudulent businesses.
In-house legal teams should review vendor agreements and customer contracts for clauses related to business registration accuracy, registered agent authorization, and address usage. Specifically, contracts with registered agents and virtual mailbox providers should include representations and warranties that addresses are used with proper consent. Additionally, any agreements involving cryptocurrency platforms or investment services should include enhanced due diligence provisions and verification of business legitimacy. Teams should also review their own business formation documents to ensure all information is accurate and authorized.
Entity
Xinbi Co., Ltd.
Industry
TechnologyOfficial Press Release
https://coag.gov/press-releases/weiser-launches-crackdown-on-fraudulent-colorado-businesses/
2026CV031373 Xinbi
https://coag.gov/app/uploads/2026/05/2026CV031373-Xinbi.pdf
2026CV031825 Neex LLC
https://coag.gov/app/uploads/2026/05/2026CV031825-Neex-LLC.pdf
2026CV30051 Garrettforu
https://coag.gov/app/uploads/2026/05/2026CV30051-Garrettforu.pdf
2026CV31833 HY LIMITED
https://coag.gov/app/uploads/2026/05/2026CV31833-HY-LIMITED.pdf
2026CV31835 LIVDRONE
https://coag.gov/app/uploads/2026/05/2026CV31835-LIVDRONE.pdf
2026CV31836 360 PHOTO
https://coag.gov/app/uploads/2026/05/2026CV31836-360-PHOTO.pdf
2026CV31838 SYT FOOTBALL
https://coag.gov/app/uploads/2026/05/2026CV31838-SYT-FOOTBALL.pdf
2026CV31839 MACHLOGIC
https://coag.gov/app/uploads/2026/05/2026CV31839-MACHLOGIC.pdf
2026CV31840 ABBYWAKE
https://coag.gov/app/uploads/2026/05/2026CV31840-ABBYWAKE.pdf
Colorado Attorney General Enforcement Page
https://coag.gov/
"Xinbi Co., Ltd., an alleged cryptocurrency marketplace tied to billions of dollars in transactions connected to fraud and money laundering activity."
"The lawsuits seek court orders to dissolve thousands of allegedly fraudulent businesses registered in Colorado"
"businesses that were created using false information, including the unauthorized use of Colorado residents’ home addresses as purported business locations and the unlawful use of virtual mailboxes as registered agents without consent"
"Colorado Consumer Protection Act"
$29.6M
Attorney General Phil Weiser joined a bipartisan coalition of 48 states and territories in announcing a $29.6 million settlement with Glenmark Pharmaceuticals. The settlement resolves allegations that Glenmark participated in a widespread conspiracy to inflate prices, reduce competition, and restrain trade for numerous generic prescription drugs. Glenmark also agreed to cooperate in ongoing multistate litigation and implement internal reforms.
$18.0M
A coalition of 42 state attorneys general settled with the bankruptcy trustee for 23andMe over a 2023 data breach that exposed genetic data of 6.9 million customers. The states will receive $18 million from bankruptcy funds, and 23andMe agreed to enhanced data security requirements and consumer deletion rights as part of the asset sale to TTAM Research Institute.
$45.0M
Attorney General Phil Weiser announced a $45 million multistate settlement with Block, Inc., the company behind Cash App, for misleading consumers about the safety of the platform and failing to protect users from fraud. The settlement requires Block to implement antifraud measures, provide customer support, and stop deceptive marketing practices.
$3.3M
Colorado Attorney General Phil Weiser, along with a bipartisan multistate coalition and the U.S. Department of Justice, settled with Cal-Maine Foods, Versova/Centrum, and Hickman's Egg Ranch for colluding to manipulate egg prices. The companies secretly coordinated bidding activity to influence the Urner Barry price index, artificially inflating egg prices for consumers and retailers nationwide. The settlement requires the companies to pay $3.3 million, donate 53 million eggs to food banks, and implement compliance measures.
The Colorado Attorney General settled with Unlock Partnership Solutions, Inc., which marketed home equity agreements that were determined to be consumer credit transactions subject to Colorado's Uniform Consumer Credit Code and Consumer Equity Protection Act. The company must comply with lending laws, rate caps, disclosures, and licensing, and pay $283,375 in restitution to 125 consumers, with additional payments expected.
$7.0M
Colorado Attorney General Phil Weiser, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with LivCor, LLC for its role in an algorithmic rent-fixing scheme. LivCor allegedly used RealPage's revenue management software to share and gather confidential pricing information with competing landlords, artificially inflating rental prices. The settlement requires LivCor to cease using such software, pay $7 million in penalties, and cooperate in ongoing litigation against RealPage.