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"
$300K
Colorado Attorney General Phil Weiser announced a settlement with Avail Property Management Inc. and PK Management, LLC resolving allegations that the companies denied prospective tenants housing based on criminal history information prohibited under Colorado's Rental Application Fairness Act, including arrests, deferred judgments, and convictions older than five years (some more than 20 years old). The companies, which managed nearly 4,000 rental units across Colorado, relied on a third-party background screening service despite legal prohibitions. Under the settlement, they must change screening practices, review vendor recommendations rather than relying on them automatically, submit to two years of compliance reporting, and pay $300,000.
Attorney General Weiser joined a coalition of attorneys general in suing to block new unlawful conditions on Title X funding imposed by HHS, which would penalize states and providers that refuse to abandon nondiscrimination initiatives or conform to the administration's ideological vision of family planning. The lawsuit argues the conditions conflict with federal law, violate the Administrative Procedure Act, and are unconstitutionally vague.
$1.4M
Colorado Attorney General Phil Weiser announced a settlement with Cobblestone Denver Opco, LLC (Cobblestone Car Wash) over allegations that the company used unfair automatic renewal practices for monthly membership fees. The company failed to provide proper disclosures, notices, terms, and cancellation options, locking over 70,000 consumers into auto-renewal contracts. Cobblestone will pay $1,353,465 in restitution, has already refunded $253,406 to consumers, and must comply with the Colorado Consumer Protection Act, including providing easy-to-access cancellation options and 25-day advance notice of price increases.
Attorney General Phil Weiser joined a coalition of 22 attorneys general and Pennsylvania in filing two lawsuits against the Trump administration for demanding a database of state-owned records containing sensitive personal information of 17 million commercial drivers. The lawsuits allege violations of federal privacy laws and the Administrative Procedure Act, and seek an emergency order to prevent the data from being turned over by the August 17 deadline.
Colorado contractor Rocco Roberts was criminally charged for defrauding a Boulder family during an asbestos remediation project. He allegedly misrepresented his licensing, performed the abatement improperly, exposed the home to asbestos, and provided a fraudulent clearance test. Roberts collected $8,400 for the work and faces felony charges including hazardous substance incident, forgery, and theft.
$400.0M
Attorney General Phil Weiser joined a coalition of 43 states and territories announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations that the generic drug manufacturer engaged in conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade. Sandoz will pay approximately $469 million including previous settlements and agreed to meaningful reforms to ensure fair competition and compliance with antitrust laws.