Former Colo couple accused of fake lending will pay victims
DENVER – The Colorado attorney general says two former Colorado residents have settled a lawsuit accusing them of stealing people’s identities to set up fake commercial lenders.
Attorney General John Suthers said Tuesday that Donald Sterling Whitlock will pay $136,156 in restitution and $40,000 in court fees in exchange for charges being dropped against his wife, Erin Reese Whitlock.
A civil lawsuit claims the Whitlocks operated a fraud scheme between April 1, 2007, and March 4, 2010, that collected thousands of dollars in fees from customers without making any loans.
The couple live in Lauderdale-by-the-Sea, Fla., but previously lived in Aspen and Basalt in Colorado and in Southport, N.C.