Cryptocurrency fraud soars, spurring state action

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Has “Elon Musk” asked you to send him bitcoins, offering to double your money? Did you get an official-looking solicitation from the Texas firm “Peters Wealth Management” to buy cryptocurrency? How about someone on a dating app touting a “great new investment”? All of these are scams involving the latest buzz-worthy investment — cryptocurrency. While legitimate currencies such as Bitcoin can offer good, if often volatile, returns, scam artists are proficient at separating unwise investors from their money. State attorneys general and regulatory agencies are cracking down. Attorneys general in …

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