Cryptocurrency brokers Dilong Trading Limited and Affirm Rich Trading Company appear to be engaged in fraud against California consumers
The California Department of Financial Protection and Innovation (DFPI) has received a complaint from at least one California resident regarding a crypto investment.
The victim met “Gina Lee’ online who asked him to wire money to the Meta Trader 5 platform to trade cryptocurrency through Dilong Trading Limited. Then his bank called and warned him it’s possibly a fraud scheme. The victim lost $120,000.
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. This also appears to be what’s known as a Romance Scam, which is described here: https://dfpi.ca.gov/2022/05/20/romance-scams-and-crypto-assets-fact-or-fraud/
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 firstname.lastname@example.org 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/.
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