COLORADO SPRINGS, Colo. (KRDO) — At any given time, the El Paso and Teller County District Lawyer’s Workplace is usually engaged on 150 crimes involving cash.
“Financial crimes that have an effect on a number of the most weak members of our neighborhood each day. Significantly, our aged which are too typically taken benefit of by opportunists who prey upon them,” 4th Judicial District Lawyer Michael Allen mentioned.
The 4th Judicial District Lawyer’s Workplace has launched a brand new program known as Monetary Friday’s meant to teach the general public and stop them from falling sufferer.
“We’re speaking about fraud, theft, cash laundering, embezzlement,” Senior Deputy District Lawyer Rachael Powell mentioned throughout Friday’s press convention.
The DA’s workplace financial crime unit consists of six individuals and is lead by Powell.
“One kind of fraud we see is contractor fraud. Contractor fraud is the place a contractor takes the cash you will have taken to do a sure undertaking in your residence or your land and so they take the cash or put a lien in your property,” Powell defined.
Prosecutors say they have a tendency to see extra contractor fraud in the summertime months.
“Colorado legislation requires that contractors take the cash from you and maintain it in belief whereas they’re doing all of your undertaking. They’re supposed to make use of these funds for provides and subcontractors solely in your undertaking, not on different tasks,” Powell defined.
The 4th Judicial District Lawyer’s Workplace usually focuses on circumstances the place a contractor takes the cash and by no means completes the work. For those who consider you might be a sufferer of that kind of crime, prosecutors say holding documentation and offering it to legislation enforcement is essential.
“Collect all the pieces you will have, any written documentation, any textual content messages, any emails, something that may present the place the connection began, the place the breakdown was, and what was communicated between the events,” Powell defined.
The DA’s workplace says step one to searching for justice for a contractor fraud case or different cash crime is contacting native legislation enforcement. The Colorado Springs Police Division and El Paso County Sheriff’s Workplace each have devoted items that examine monetary crimes.