Consumer Alerts 2020
Scesi.com (formerly SCinvesting.com) is Fraudulently Posing as California-licensed, Broker-Dealer Seedchange Execution Services Inc.
The California Department of Financial Protection and Innovation (DFPI) has received information that the website Scesi.com (formerly SCinvesting.com) is marketing itself as …
Voluntary Suspension of Money Transmitter Operations
December 23, 2020
The Department of Financial Protection and Innovation (DFPI) has been notified that Moneydart Global Services Inc. has voluntarily suspended all money transmission operations in California effective Dec. 15, 2020 through March 31, 2021. Read more…
Unlicensed Companies fraudulently purporting to be DFPI-licensed Investment Advisors Lifetime Financial Inc. (Lifetime Paradigm) and Daniel Cory Payne
November 10, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that entities, possibly existing outside the U.S., are claiming …
Website CreditEnrollmentCenter.net Fraudulently Claiming DFPI License
October 19, 2020
The Department of Financial Protection and Innovation (DFPI) has been notified that the website CreditEnrollmentCenter.net lists DFPI lending license number …
Prestige ESR Service, LLC Fraudulently Posing as California-licensed Escrow Company, Prestige Escrow Inc.
October 15, 2020
The California Department of Financial Protection and Innovation (DFPI) has received information that a company calling itself “Prestige ESR Service LLC” is using …
Paisa Financial, a member of Fit Financial Group Inc., is fraudulently using the Nationwide Mortgage Licensing System (NMLS) number 76988, which belongs to DBO-licensee Bay Equity LLC
September 28, 2020
The Department of Business Oversight (DBO) has been notified that an entity known as “Paisa Financial” is mailing…
Website FinanceServiceCorp.com Fraudulently Posing as California Company and Perpetrating Loan Scam
August 18, 2020
The Department of Business Oversight (DBO) has received information that the website www.financeservicecorp.com is marketing itself as a consumer …
Website ColdanInvestmentCompanyLtd.com Fraudulently Posing as DBO Licensee
August 6, 2020
The Department of Business Oversight (DBO) has been notified that the website www.coldaninvestmentcompanyltd.com has been using the business information of a DBO-licensed …
Website Fraudulently Posing as DBO Licensee Gordian Investments, LLC
June 8, 2020
The Department of Business Oversight (DBO) has been notified that the website https://www.gordianinvestments.org has been using the business information of Gordian Investments, …
DBO Consumer Alert: Private Placement Offerings
May 26, 2020
The DBO today issued an investor advisory on exempt securities offerings, also known as “private placements,” in light of the coronavirus pandemic.
Advisory to Consumers on Private Placements
Spanish version available. The COVID-19 pandemic has caused significant disruption and anxiety to individuals and the financial markets.
DBO Warns Consumers About False PACE Default Notices
May 21, 2020
The California Department of Business Oversight (DBO) issued an alert today about misleading mailers…
Consumer Alert – The PACE Program California
April 29, 2020
The Department of Business Oversight has become aware of a business entity calling itself “The PACE Program California,”…
Be Aware of Scams Aimed at Federal Stimulus Payments
April 17
The Department of Business Oversight (DBO) encourages consumers to be aware of scams aimed at federal stimulus payments …
Website HanaiCapitalInvest.com Fraudulently Posing as DBO Licensee Hanai Capital LLC
April 13, 2020
The Department of Business Oversight (DBO) has been notified that the website HanaiCapitalInvest.com is using the name …
Be Vigilant Against Scams and Unlawful Activities Seeking to Exploit Heightened Economic Anxieties
In light of recent events, the Department of Business Oversight (DFPI) urges consumers and investors to be alert to…
Advisory to Small Businesses with Merchant Cash Advance Contracts
The DFPI encourages small businesses to review the terms of their existing financing products to determine whether they may be entitled to relief and report finance companies that fail to honor contractual terms that provide relief.
Leverstone Company LLC using DBO logo without authorization
March 19, 2020
The Department of Business Oversight (DBO) has received information that an entity calling itself Leverstone Company LLC, has embedded the DBO logo and/or seal in at least one of its contracts without authorization.
Consumer Alert: Commercial Business Credit Union
January 9, 2020
The Department of Business Oversight (DBO) has been notified of an entity calling itself Consumer Business Credit Union although it is not a licensed credit union.
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