Mr. Breinholt is permanently enjoined from further violations of Idaho's Uniform Security act. Judgment in the amount of $5,000,000, plus penalties of $240,000, have been entered against him in favor of the Department.
The terms are that Mr. Breinholt will pay the Department $1,000 per month for the next ten years, for a total payment of $120,000. The Dept. will prorate that amount and send it to investors.
If Mr. Breinholt makes all his payments, on time, at the end of ten years the Department will file a satisfaction of judgment and consider the matter closed. Penalties are suspended as long as Mr. Breinholt makes his payments, and will be waived once he has paid the $120,000.
If Mr. Breinholt fails to make all payments, on time, he will become responsible for the full judgment and penalties.
Questions can be directed to Chief Investigator Jim Burns at (208) 332-8080.
