In Brief:
- Colorado Attorney General Phil Weiser leads lawsuits
- Xinbi Co., Ltd. linked to cryptocurrency fraud
- Neex LLC impersonated legitimate investment website
- 370 businesses registered to one Teller County home
The Colorado Attorney General’s Office is pursuing legal action against thousands of allegedly fraudulent businesses registered in the state that authorities say were used to support cryptocurrency scams, investment fraud, romance scams and other online schemes.
The lawsuits seek to dissolve businesses allegedly created using false information, including unauthorized use of Colorado home addresses and virtual mailbox locations. State officials said some Colorado residents discovered businesses had been registered to their homes without their knowledge, leading to unwanted mail and consumer complaints.
According to the complaints, some entities were connected to fraud networks operating across the United States and internationally, including in China and Southeast Asia. Victims allegedly lost tens of thousands of dollars, and in some cases more than $100,000, after relying on Colorado business registrations and certificates of good standing before sending money to fraudulent operations…