The Wisconsin Department of Financial Institutions is launching a new scam tracker based on consumer complaints to protect investors from crypto and investment fraud.
The Wisconsin Department of Financial Institutions (DFI) in the United States launched a publicly accessible tracker to deter crypto and other investment scams.
On July 30, the DFI revealed that Wisconsinites lost nearly $3.55 million to financial grooming and cryptocurrency fraud, based on victim reports between January 2022 and June 2024.
The newly launched investment scam tracker relies on consumer complaints to gather crucial threat information and alert the public to “make it harder for perpetrators to deceive more investors.”
