Cryptocurrency website coinzone.cc appears to be engaged in fraud against California consumers
The California Department of Financial Protection and Innovation (DFPI) has received a complaint from a California resident regarding the website coinzone.cc.
The victim told DFPI he met an individual on Facebook dating who then asked to chat on WhatsApp. The scammer then began discussing the trading of cryptocurrency for big profits and lured the victim into signing up on coinzone.cc. The California victim gave more than $1,100 before realizing it was a scam. The victim said he learned that online scammers call this the Sha Zhu Pan, or “Pig Butchering” scam and it is very common. These allegations have not been verified by the DFPI.
This appears to be what is commonly called an “Advance Fee scheme,” which can take many forms, as discussed here: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/advance-fee-schemes.
The DFPI urges consumers to exercise extreme caution before responding to any solicitation offering investment or financial services. To check whether an investment or financial service provider is licensed in California, consumers may contact the Department for questions or inquiries at ask.dfpi@dfpi.ca.gov or call toll-free at (866) 275-2677. If a consumer believes a person or company has violated state law or acted improperly regarding a consumer financial product or service, they may file a formal complaint with the DFPI at https://dfpi.ca.gov/file-a-complaint/.
Consumer Alerts Archives
- Consumer Alerts 2023
- Consumer Alerts 2022
- Consumer Alerts 2021
- Consumer Alerts 2020
- Consumer Alerts 2019
- Consumer Alerts 2018
- Consumer Alerts 2017
- Consumer Alerts 2016
- Consumer Alerts 2015
- Consumer Alerts 2014
- Consumer Alerts 2013 and 2012
- 2004-2013 Escrow Alerts Archive
- Enforcement Alerts Archive
- Payday Lender Alerts Archive
News & Info Links
Approved by [name] [month/year]