With the conclusion of the 2016 Wyoming Legislative budget session, the AARP Wyoming government relations team closed out a good and effective budget session, but it was also a frustrating budget session.
Incorporating a company in Wyoming is simple, fast and easy -- so easy, in fact, that hundreds of companies do it every year. Among the perfectly legitimate companies are those that are not, and that’s the target of legislation – generally referred to as the Cease and Desist Act that has been passed to give the Wyoming Secretary of State’s Office more authority to curb fraud in Wyoming. “The process of trying to deter fraud is a marathon, not a sprint,” Wyoming Secretary of State Max Maxfield said. “There is an endless stream of scams and con artists, but we are getting better and better at putting safeguards in place to make Wyoming less fraud friendly.”
When someone you trust steals from you, the consequences are immense. You might suffer a sense of betrayal, embarrassment or humiliation, and of course the cost of the loss itself.