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"
Colorado joined a coalition of states and local governments in suing the National Highway Traffic Safety Administration over its rule weakening fuel economy standards for new passenger cars and light trucks. The coalition alleges the rule violates federal law; the press release does not report a penalty or a court ruling.
Colorado Attorney General Phil Weiser joined a multistate and local coalition challenging the EPA’s repeal of greenhouse gas limits for many coal- and gas-fired power plants. The coalition seeks to have the repeal struck down and the protections restored, and separately notified the EPA of its intent to sue over regulation of emissions from existing gas plants; no penalty or final court remedy is reported.
$469.0M
Colorado joined a 43-state-and-territory settlement resolving allegations that Sandoz and Fougera participated in a long-running conspiracy to inflate generic drug prices, reduce competition, and restrain trade. The companies agreed to pay approximately $469 million and implement reforms; the states are seeking court approval.
$35.0M
Colorado, the FTC, and a coalition of state attorneys general reached a settlement with Corteva over allegations that its post-patent loyalty program restricted distributors from selling competing generic pesticides. Corteva must end the challenged conduct and pay the states $35 million for fees and costs; the agreement is in effect for 10 years.
$2.3M
Colorado and a bipartisan coalition of attorneys general reached a $2,287,455 settlement with Laboratory Corporation of America over the 2019 data breach at its debt collector, American Medical Collection Agency. The settlement requires stronger vendor risk management and information security practices, with particular requirements for medical debt collectors.
Colorado Attorney General Phil Weiser joined a coalition of 12 attorneys general in settling a lawsuit against Paramount Skydance Corporation over its merger with Warner Bros. Discovery, which the states alleged would harm competition by lowering film output and raising prices. The settlement includes a five-year commitment to increase film output, a $1.5 billion investment in domestic production, a $47.5 million worker fund, and an independent monitor. This is an antitrust/competition enforcement action, not a privacy enforcement action, despite the extraction schema's privacy focus.