Shining a light on crypto fraudsters, Attorney General Jeff Landry is warning Louisiana residents to be vigilant of scams aimed at stealing cryptocurrency.
.“Swindlers know no bounds; and unfortunately, too many people have been conned by cryptocurrency scammers recently,” said Attorney General Landry. “From fraudulent government scams to romance scams and everything in between, these crypto thieves play on emotions to take advantage of consumers and investors.”Attorney General Landry offers the following to help Louisiana residents avoid crypto scams:
- No federal, state, or local government entity will contact you via telephone informing you of an arrest warrant and that – in order to have the warrant withdrawn – you need to send money via cryptocurrency to a wallet.
- In these type of scams, the callers generally identify themselves as some form of law enforcement and advise how to convert U.S. currency, whether via cryptocurrency ATM or online platform, and send it to a cryptocurrency wallet.
- If you receive a call like this, immediately hang up and contact your local law enforcement agency.
- No financial institution will contact you via telephone (or email) informing you that your account has been compromised and that – in order to preserve the money – you must remove all funds from associated credit cards, bank accounts, and savings accounts and deposit those monies into a cryptocurrency ATM or online platform.
- In these types of scams, the callers provide a wallet address where the victims will send the cryptocurrency.
- If you receive a call like this, do not provide any personal identifying information; immediately hang up and contact your financial institution using their official phone number to inquire about your accounts.
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