California Regulator Targets 11 Crypto Firms as Ponzi Schemes
California's Department of Financial Protection and Innovation (DFPI) has taken decisive action against eleven crypto firms, alleging they operated as Ponzi schemes. This crackdown sends a strong message about investor protection within the volatile cryptocurrency market.
27 de sept. de 2025 The California Department of Financial Protection and Innovation (DFPI) filed cease-and-desist orders against 11 little-known crypto firms Tuesday, alleging they were violating state security laws. The regulator's action highlights growing concerns about potentially fraudulent activities within the digital asset space.
27 de sept. de 2025 California’s state regulator, the Department of Financial Protection and Innovation (DFPI), announced on Tuesday it filed a series of complaints against 11 little-known entities operating in the crypto space. These firms are accused of luring investors with promises of high returns, characteristic of Ponzi schemes.
SACRAMENTO – The Department of Financial Protection and Innovation (DFPI) announced today that it has issued desist and refrain orders against 11 different entities for violations of state securities laws.
The DFPI's investigation revealed that these 11 companies operated like Ponzi schemes, where early investors are paid with money from new investors rather than legitimate profits. 27 de sept. de 2025 A California securities regulator issued cease and refrain orders against 11 entities it claims violated state security laws. The companies operated like Ponzi schemes and misled investors about the risks involved in their crypto investments.
28 de sept. de 2025 In California, the Department of Financial Protection and Innovation (DFPI) has intervened by targeting 11 crypto companies as they are referred to as Ponzi and Pyramid schemes. The regulator is actively working to prevent further harm to California investors.
This recent enforcement action by the California DFPI underscores the importance of due diligence and caution when investing in cryptocurrencies. Always research crypto companies thoroughly and be wary of promises of guaranteed high returns. This move shows the regulatory environment is taking notice, and protecting the public is a high priority.