Tennessee’s economy continues to grow with a robust start to 2017, according to a report released by the Secretary of State's office. There were 10,372 new entity filings in the first quarter of 2017, which represents an 8.7 percent increase over the same time last year. This marks the 22nd consecutive quarter of positive year-over-year growth. As of April 1, there were 259,282 active entities in Tennessee, representing a 5.2 percent increase compared to the first quarter of 2016.
A recent 320-count indictment and the arrests of 10 people from a joint investigation by the Tennessee Bureau of Investigation and the Knoxville Division of the Federal Bureau of Investigation highlight an ongoing problem. People are filing fraudulent liens with the Division of Business Services, which can ruin the lives of public officials.
Tennessee Attorney General Herbert H. Slatery III, along with Secretary of State Tre Hargett and Division of Consumer Affairs Director Cynthia Wiel, today announced the filing of a lawsuit in Davidson County Chancery Court against three individuals for violating the Tennessee Consumer Protection Act.