The California Division of Monetary Safety and Innovation (DFPI) has acquired a grievance from a California resident relating to a crypto funding.
The sufferer advised DFPI he was scammed into transferring cash to this supposedly Los Angeles-based firm for funding functions. The web site claims Fast Commerce Rush is a worldwide funding firm based mostly within the Unites States that provides excessive revenue with low funding danger, together with in cryptocurrency, and gives commissions for referrals to the location. The sufferer transferred cash to the web site, https://quicktradesrushs.com however as an alternative of receiving earnings from their funding, the sufferer was charged a number of charges. Fast Commerce Rush will not be licensed to supply investments in California.
This seems to be what is often known as an “Advance Charge scheme,” which might take many varieties, as mentioned right here: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/advance-fee-schemes.
The DFPI urges customers to train excessive warning earlier than responding to any solicitation providing funding or monetary providers. To test whether or not an funding or monetary service supplier is licensed in California, customers might contact the Division for questions or inquiries at firstname.lastname@example.org or name toll-free at (866) 275-2677. If a shopper believes an individual or firm has violated state regulation or acted improperly relating to a shopper monetary services or products, they could file a proper grievance with the DFPI at https://dfpi.ca.gov/file-a-complaint/.