DFPI Issues Numerous Detailed Warnings Of Possible … – JD Supra

Allen Matkins
Shortly after Christmas, the California Department of Financial Protection & Innovation began issuing consumer alerts with respect to possible cryptocurrency broker frauds.  These alerts generally involved alleged "Advance Fee", "Social Media" and/or "Romance" scams.  Information regarding these scam techniques is available here:

These alerts are sobering reading.  The alerts describe investors mortgaging their homes and borrowing money from relatives in the vain attempt to recover their funds.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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