California Department of Business Oversight Press Releases

• Published on December 30, 2022 - 21:06 GMT

  Cryptocurrency brokers Dilong Trading Limited and Affirm Rich Trading Company appear to be engaged in fraud against California ...

  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 …

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• Published on December 30, 2022 - 17:52 GMT

  Cryptocurrency website 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 a crypto investment. Victim met someone calling herself “Rosalie” on WhatsApp, who introduced him to eth-Wintermute.net, …

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• Published on December 30, 2022 - 17:51 GMT

  Cryptocurrency broker hydefieco.com 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 a crypto investment. The victim was contacted by “George” about a cryptocurrency investment, promising that if she …

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• Published on December 30, 2022 - 06:23 GMT

  Cryptocurrency website osoptionsexhchange.com.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 victim thought he was investing in cryptocurrency through the website osoptionsexhchange.com and sent U.S. dollars. Scammers …

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• Published on December 30, 2022 - 06:23 GMT

  Cryptocurrency broker OBFX Global Technology Limited 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 a crypto investment. The victim accepted a Friend Request on Facebook from “Alvin Robel.” After exchanging pleasantries, “ …

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• Published on December 30, 2022 - 06:23 GMT

  Cryptocurrency broker MUFG Pro appears 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 “Dylan Lee” on Zoosk and started communicating with him on WhatsApp. Dylan …

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• Published on December 30, 2022 - 06:22 GMT

  Cryptocurrency broker Mobile.coinbaseltdus.com 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 a crypto investment. The victim was contacted by “Lotus Nina Ivanovna” who said she could  help with cryptocurrency …

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• Published on December 30, 2022 - 06:22 GMT

  Cryptocurrency broker Krabi Airport Taxi appears 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. At least two victims have complained that they were not able to withdraw money from the …

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• Published on December 30, 2022 - 06:22 GMT

  Cryptocurrency broker Infinity Option appears 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 “Mike Vestil” on Instagram. They talked and at some point Mike told her she …

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• Published on December 30, 2022 - 06:21 GMT

  Cryptocurrency broker HODL Soft, Ltd. 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 a crypto investment. The victim met a man online, and they began a relationship. After talking about the future, the …

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• Published on December 30, 2022 - 06:21 GMT

  Cryptocurrency broker GE Chains 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 a crypto investment. The victim was referred by a friend to gechains.com, a cryptocurrency trading platform. The victim …

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• Published on December 30, 2022 - 06:21 GMT

  Cryptocurrency broker FUN ETH 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 a crypto investment. The victim met “Yun Wang” on the Facebook Dating App. She got him interested in Ethereum …

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• Published on December 21, 2022 - 23:21 GMT

  DFPI Orders MyConstant To Cease Offering Crypto-Related Products

  Download this press release (PDF) SACRAMENTO – The Department of Financial Protection and Innovation today announced that it has ordered CONST LLC (doing business as “MyConstant”) to desist and refrain from violating the California Securities Law and …

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• Published on December 21, 2022 - 23:13 GMT

  DFPI Orders MyConstant To Cease Offering Crypto-Related Products

  Download this press release (PDF) SACRAMENTO – The Department of Financial Protection and Innovation today announced that it has ordered CONST LLC (doing business as “MyConstant”) to desist and refrain from violating the California Securities Law and …

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• Published on December 20, 2022 - 02:23 GMT

  October 2022 Monthly Summary of Financial Institution Pending Applications

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• Published on December 19, 2022 - 21:10 GMT

  DFPI Moves to Revoke BlockFi’s CA Financing Law License

  Download this press release (PDF) SACRAMENTO – The Department of Financial Protection and Innovation today announced that Commissioner Clothilde V. Hewlett has moved to revoke BlockFi Lending LLC’s (BlockFi) California Financing Law (CFL) license. The move …

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• Published on December 19, 2022 - 21:01 GMT

  DFPI Moves to Revoke BlockFi’s CA Financing Law License

  Download this press release (PDF) SACRAMENTO – The Department of Financial Protection and Innovation today announced that Commissioner Clothilde V. Hewlett has moved to revoke BlockFi Lending LLC’s (BlockFi) California Financing Law (CFL) license. The move …

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• Published on December 15, 2022 - 01:31 GMT

  December 2022 DFPI Consumer Connection

  Californians with Student Loans Updates  Student Loan Repayments Pause Extended – The U.S. Department of Education announced on Nov. 22 an extension of the pause on student loan repayment, interest, and collections to allow legal challenges to be heard by …

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• Published on December 12, 2022 - 22:56 GMT

  Crypto: What You Should Know Right Now

  It all depends on your individual circumstances. Contact an attorney to find out what legal recourse you have.  However, you should be aware that bankruptcy processes typically take a long time. For people who have dollars or other fiat currency held by …

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• Published on December 12, 2022 - 21:07 GMT

  

  December 2022 Monthly Bulletin

  Money Transmitter Activity New Transmitter Tango Card, Inc. Approved: 11/18/22 Visa Global Services Inc. Opened: 11/01/22 Acquisition of Control BCP Special Opportunities Fund II Holdings, LP, to acquire control of DolEx Dollar Express, Inc. Approved: 11/ …

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