Coinme fined $300,000 by DFPI, ordered to reimburse Bay Area crypto kiosk scam victim $50,000
An East Bay woman scammed out of $50,000 got her money back thanks to 7 On Your Side.
After investigative reporter Melanie Woodrow reported on the scam last year, the California Department of Financial Protection & Innovation launched an investigation. Now, Coinme, a crypto kiosk operator, is facing fines totaling hundreds of thousands of dollars and has had to reimburse one local viewer.
“We have some very good news,” said Lisa Powell, the scam victim’s daughter.
Powell is glowing after her mom, Lois, received a check from Coinme, a crypto kiosk operator.
Last year, Lois got scammed.
RELATED: 83-year-old East Bay woman loses nearly $50K in Coinstar, Coinme scam
“A man said, ‘I have your grandson.’ he was so distraught and crying,” Lois said…
