7-31-24 wisconsin department of financial institutions launches investment scam tracker
MADISON, Wis. – The Wisconsin Department of Financial Institutions (DFI) today announced that it has launched an investment scam tracker to help Wisconsinites spot and avoid financial investment scams, including cryptocurrency scams. These scams, frequently called “pig-butchering” or “financial grooming” due to the amount of time the perpetrators are willing to invest in gaining the investor’s trust, are devastating – between January 2022 and June 2024, $3,540,878 in losses were reported to the DFI […]