- Associated Press - Friday, June 19, 2015

HELENA, Mont. (AP) - A Helena judge has halted a Miles City man from accepting any more investors into his house “flipping” business because the state alleges the investment was not registered.

District Judge Kathy Seeley issued the temporary restraining order against Richard Brandt of Miles City on June 12. She scheduled a hearing Monday to determine if it should be permanent.

Montana Securities Commissioner Monica Lindeen sought the order, alleging that Brandt defrauded two elderly Miles City residents.

Securities officials allege the man wrote $73,000 in unauthorized checks from a 100-year-old woman’s checking account. They say Brandt accepted $50,000 from another man in exchange for interest payments. Lindeen’s office says Brandt paid the man $15,000 in interest but not the principal.

Lindeen says the state is still investigating.

A phone number listed under Brandt’s name rang unanswered Thursday.

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