7 On Your Side $50,000 crypto scam report catches attention of state investigators
ROSSMOOR, Calif. (KGO) — A recent 7 On Your Side investigation is catching the attention of California state regulators. An 83-year-old East Bay woman believed her grandson was in trouble and lost nearly $50,000 to a crypto scam. The crypto scam happened nearly a year after Gov. Newsom signed legislation into law limiting the amount any one customer can accept or give out at a crypto kiosk. Now, there are questions about how or if the scammers circumvented that law.
In September, 7 On Your Side Investigates brought you the story of an 83-year-old East Bay woman named Lois who lost nearly $50,000 to a scam at this Coinme kiosk in Rossmoor.
“A man said I have your grandson, he was so distraught and crying,” said Lois at the time.
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