- Associated Press - Sunday, April 20, 2014

BOISE, Idaho (AP) - A subsidiary of a Meridian company once fined by Idaho regulators for misleading investors has filed for bankruptcy.

Federal bankruptcy court filings this month say Hopkins Northwest Fund LLC owes between $1 million and $10 million to between 100 and 200 creditors.

The Idaho Statesman reports (https://bit.ly/1lpWtIM ) the fund lists assets in the same $1 million to $10 million range.

It’s the second bankruptcy case in the past five months by a Hopkins Financial Services affiliate. Investors in Hopkins Growth Fund LLC filed a petition for involuntary bankruptcy in November in a case that is still pending.

Hopkins Financial Services was fined $250,000 after the Idaho Department of Finance’s securities bureau alleged in 2009 that its owners misrepresented some facts and omitted others in pushing its securities to investors.


Information from: Idaho Statesman, https://www.idahostatesman.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide