Shortly after Christmas, the California Department of Financial Protection and Innovation began issuing to consumers. Alert Regarding Possible Cryptocurrency Broker Scams. These alerts commonly included suspected ‘advance’, ‘social media’ and/or ‘romance’ scams. Information about these scams is available at:
These alerts are sober reading. The alert explains that investors are mortgaging their homes and borrowing money from relatives to try to recover their funds.
[View source.]
