Crypto Kiosk Scams Target Seniors as Lawmakers Examine Consumer Protections

Lynn Lawrence, a detective with the Woodbury Public Safety Department, testifies in support of HF3642 before the House Commerce Finance and Policy Committee Feb. 26. The bill, which would prohibit virtual crypto kiosks, is sponsored by Rep. Erin Koegel, center, and supported by Rep. Bernie Perryman, left. (Photo by Michele Jokinen)

Law enforcement officials in Minnesota are raising alarm over a surge in cryptocurrency kiosk scams that disproportionately target older residents living on fixed incomes. In one case presented to state lawmakers, a senior citizen transferred nearly half of her monthly income to fraudsters over eight months, fearing financial ruin. Authorities say such schemes often involve… Continue reading Crypto Kiosk Scams Target Seniors as Lawmakers Examine Consumer Protections

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