The Wisconsin Department of Financial Institutions (DFI) today announced that it has launched an investment scam tracker to help Wisconsinites spot and avoid financial investment scams, including cryptocurrency scams. Between January 2022 and June 2024, $3,540,878 in losses were reported to the DFI from financial grooming and cryptocurrency fraud.
The investment scam tracker includes descriptions of fraudulent or deceptive scams, based on consumer complaints reported to the DFI. The factual details and losses reported by complainants have not been verified by DFI, but they are being shared in the tracker to alert the public to potential threats and make it harder for perpetrators to deceive more investors. As new investment scams emerge, the DFI will update the tracker on an ongoing basis. The investment scam tracker is searchable by company name, scam type, or keyword, and it includes a list of frequently asked questions, a glossary of common investment scam related terms, and links to additional investor resources.
Notify the DFI of any investment scams not listed on the investment scam tracker by filing a complaint. Anyone who believes they may be a victim of investment fraud should report it to the DFI’s Division of Securities by calling (608) 266-2139.
