Erie settles breach of contract insurance litigation, to receive $1.25 million [Daily Camera, Boulder, Colo.]
Oct. 30—Erie will receive
The
In 2019, an unknown party pretended to be with
Brooks said trustees and town staff have "taken a sigh of relief" following the settlement. He said some residents called the cyber fraud scam a fiasco and blamed town staff for "losing the money."
"It's all put to bed now, and our tax payers are made whole, which is the important thing," Brooks said.
He added that town staff and trustees have often wanted to explain the scam and litigation case to residents, but were unable to due to the ongoing litigation. Brooks noted while the loss of money was not a significant portion of the town's budget, being able to recuperate those lost funds has been a "huge relief" for the town.
After the town knew about the scam,
More information about the settlement is available at tinyurl.com/ErieSettlement.
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