Office of the Secretary of State Warns Cryptocurrency and Love Scams Among Top Security Threats of 2022 | news

Nevada Secretary of State Cisco Aguilar highlights Cryptocurrency and love scams as the biggest threats to Nevada investors in 2022.

The securities classification the secrepresentative of the State Office urges Nevada residents to be cautious about high-risk, high-return investment plans that can appear on-line. Additionally, as we are approaching valentine’s day tO His careful the new romantic partnerHe urges you to invest in opportunities when you are under pressure with immediate deadlines, and promguaranteed, high returns.

These scammers from Nevada were among them tThe top threats for 2022 were identified by a survey of securities regulators conducted by the North American Securities Administrators Association (NASAA).

The annual survey is designed to identify the most problematic products, practices or systems they face the public. The following have been cited most commonly by state and regional securities regulators:

  • Investments tied to cryptocurrencies and digital assets
  • Fraud offers related to promissory notes
  • Money scam offered through social media and internet investment offers
  • Financial plans associated with self-directed individual retirement accounts

“Every day in the securities department we work to help fraud victims find justice and raise awareness among our most vulnerable populations to prevent these attacks that can have devastating effects on them personally finance,” said Erin Houston, Assistant Secretary of State for Securities.

If you believe you have been the victim of securities fraud or would like the Nevada Secretary of State’s Securities Division to investigate a possible violation NO 90 or 91, You can file a complaint online.

The public is encouraged to follow the tips below to identify and avoid investment fraud:

  • Scammers create fake websites and social media accounts to disguise their identities. The public should always take steps to identify fake accounts by looking closely at the contentincluding suspicious domain names and accounts.
  • Beware from fake customer reviews. cheater often reference or post positive but false testimonials purporting to be written by satisfied customers. These testimonials give the impression that the promoter is reliable and has already earned significant PRThis has historically been the case and encouraged new investors to reap the same financial benefits as previous investors. In many cases, however, the ratings do not come from a satisfied customer, but from the scammer.
  • If it sounds too good to be true, it probably is. Bad actors often lure new investors by promising the payment of safe, lucrative, guaranteed returns over relatively short terms — sometimes measured in hours or days rather than months or years. These representations are often a warning sign of scams, as all investments carry some degree of risk potential rewards are typically correlated to the level of risk.

To learn more about protecting your information and investments, read the Nevada Investor Guide.