Cryptocurrency website PrivMoney.com appears to be engaged in fraud against California consumers

The California Department of Financial Protection and Innovation (DFPI) has received a complaint regarding a crypto investment.

The company, Private Money, advertises itself as a private crypto wallet available at https//privmoney.com. A California resident deposited 18 Bitcoin, and now cannot withdraw.

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/.