WPR News
9:10 am
Mon March 3, 2008

Fraud Bill Amended

Cheyenne, WY – State lawmakers are continuing with a bill that would clamp down on fraudulent companies operating in Wyoming.

One tricky issue is how much responsibility should be placed on local attorneys who act as registered agents. Some want the registered agents to take more responsibility for the companies and maintain annual contact with their clients.

But attorneys say that will take up too much time.

Cheyenne Representative Dan Zwonitzer says the contact is needed to prevent fraud.

The House agreed with an amendment that takes some of the burden off of attorneys. Representative Pete Illoway says the bill will crack down on the state's growing number of fraud cases.
It will be debated two more times.