“StableWallet California Inc.” fraudulently offering escrow services using Escrow.com’s DBO license number
The Department of Business Oversight (DBO) has been notified that an entity calling itself “StableWallet California Inc.” or “Stable Wallet Escrow” is falsely purporting to be a DBO-licensed escrow company and produces a falsified Escrow License document using DBO escrow license number 963-1867. This Escrow License number, and the address on the falsified document, both belong to a company called Escrow.com, also known as Internet Escrow Services Inc. Neither “StableWallet California” nor “Stable Wallet Escrow” is licensed to conduct escrow business in California.
The DBO urges consumers to exercise extreme caution before responding to any solicitation promoting loans, escrow services or other offers. To check whether a financial service provider is licensed in California, or to file a complaint, consumers should go to the DBO website at www.dbo.ca.gov or call 1-866-275-2677.