BOISE, Idaho - 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 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.
- North Idaho millionare's estate up for auction
- Many seniors, mentally ill patients losing affordable housing
- Demand for new homes increasing, as is need for skilled workers and land
- Pickup plunges over 200-foot cliff, killing driver
- Domestic violence suspect flees after high speed chase
- Two men charged with burglarizing home