California Shuts Down 42 Scam Sites in $6.5M Crypto Fraud Ring Targeting Seniors with $146K Average Loss

California authorities have shut down 42 cryptocurrency scam sites linked to a fraud ring that stole approximately $6.5 million from victims, averaging $146,000 each. The crackdown, led by Attorney General Rob Bonta and the Department of Justice, targets 'pig-butchering' scams that deceive individuals into making fake investments. In related developments, law enforcement has arrested two individuals in Virginia for scamming an elderly woman out of $130,000 through a fake prize scheme. Additionally, a California man faces charges in Texas for an attempted cryptocurrency scam aimed at an elderly homeowner. Investigations also continue into fraudulent email scams targeting seniors, with arrests made in Comal County related to crypto fraud schemes that exploit vulnerable populations.