The Minnesota Department of Commerce is cracking down on identify theft in the state, targeting two collections agencies and a title insurance company in recent investigations.

The department has accused the three companies – Morris Abstract & Title Inc. of New Prague, HS and Associates of South St. Paul and First Financial Services Inc. of Lonsdale – and some of their principals of allegedly forging signatures or endorsements to gain access to and misappropriate consumer funds.

Companies and individuals found guilty of such violations can be subject to a number of civil penalties including revocation, suspension, censure, or fines and penalties.  In addition, Commerce may refer such cases to other law enforcement agencies for possible criminal prosecution.

“The people involved in these cases had access to sensitive personal information and they used that information for personal gain,” said Minnesota Commerce Commissioner Glenn Wilson.  “These cases show the department’s commitment to protecting consumers by ensuring companies respect the privacy of consumers and act in good faith.”

via HometownSource.com.

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