Do not invest with this entity
This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.
CWGmain
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
A California resident reports meeting “Yilin” online, who promised an investment opportunity for “electric gold”, a type of digital gold currency. Following Yilin’s instructions, the resident wired money to theFraudulent Trading Platform“CWG Main”. At one point, the resident believed their account had grown to approximately $289,000 on the platform. But when they tried to withdraw funds, the platform demanded they pay $49,000 for “taxes” to withdraw their funds. The resident has been unable to recover any funds and the website is no longer operational. All told the victim lost more than $91,00
Estimated loss: $289,000
Type: Pig Butchering Scam | Fraudulent Trading Platform
Have you been contacted by CWGmain?
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What to do if you were targeted
- 1.Stop all transfers immediately.
- 2.Contact your bank or wire transfer service to attempt a recall.
- 3.File a complaint with the FBI IC3 at ic3.gov.
- 4.Report to the FTC at reportfraud.ftc.gov.
- 5.Report to your state securities regulator via nasaa.org.