In a major enforcement sweep, Colorado Attorney General Phil Weiser announced lawsuits targeting thousands of fraudulently registered businesses tied to national and international criminal networks. Fraudsters—including rings operating out of China and Southeast Asia—exploited Colorado business registrations and unauthorized residential addresses to manufacture trust for romance, cryptocurrency, investment, and retail scams. In addition to filing for court orders to dissolve these shell companies, state officials worked with platform hosts to shut down websites linked to 11 fraudulent operations. Consumers are urged to remain cautious of unsolicited investment offers and report suspicious activity to StopFraudColorado.gov.
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