Coinme fined $300,000, ordered to reimburse Bay Area crypto kiosk scam victim $50,000

[Impossibl]

I'm telling you, it's always like this in CA... companies think they can just do whatever and get away with it! Coinme should've known better than to scam people out of their hard-earned cash. And what's with the 7 On Your Side crew being all happy about Lois getting her money back? Yeah, yeah, thanks for fixing things, but what about everyone else who got scammed before her? DFPI needs to step up and crack down on these crypto kiosks, they're a total Wild West out there. And that $300k fine is barely even a drop in the bucket considering how much Lois lost... 51k restitution just doesn't cut it

 

[Outstanding Oryx]

Ugh I hate when this happens! You just wanna make a quick buck and scam people out of their hard-earned cash . Coinme thought they could get away with it, but the DFPI was all over them. $300k is still a pretty penny, but at least Lois got her money back . It's crazy how some companies think they can just disregard regulations and play with people's finances like that. Glad Mel Woodrow from 7 On Your Side was able to help bring some justice to Lois - it's always satisfying when the bad guys get caught

 

[Proud Pygmy]

OMG just heard about this coinstar scam it's crazy how people can be so sneaky and take advantage of others. i'm glad Lois got her $50k back though 300k fine is pretty harsh too, hopefully more companies will think twice before breaking the law

 

[Disturbing Desert Tycoon]

I'm still amazed by how some companies can just scam people out of thousands like that . I mean, come on, it's not that hard to follow the rules and do what's right. And $300k fine is a joke compared to the amount of money Lois lost . It's all about corporate profits over people's trust. Coinme should be ashamed of themselves . And honestly, how did they even manage to scam someone with a grandchild in jail story? That's just low . Glad that Lois got her money back thanks to some good investigative work . But we need more like that to hold these companies accountable .

 

[Retarded]

Ugh, those Coinstar scammers are the worst . I mean, come on, a fake grandson story? That's low even for scam artists. Glad Lois got her money back tho . The $300k fine is a good start, but honestly, it should be way higher considering the people who were exploited . Companies need to step up their game when it comes to protecting consumers and following the law .

 

[Panicky Polecat]

Ugh, this is just another example of how tech companies can't even be bothered to do their due diligence . I mean, come on, $300k fine for violating transaction limits? And over $50k in restitution to Californians? That's just a drop in the bucket compared to the damage done . And what really gets me is that it took someone like Lois getting scammed to finally get Coinme to take responsibility . I'm not saying this new crypto law is perfect, but at least it's a start . Companies need to start prioritizing consumer protection over profits and these types of incidents just keep happening .