The Idaho Department of Finance (IDOF) is warning the public against scams that involve the physical purchase and delivery of gold and other precious metals. Illicit actors trick victims into believing that either their identity, computer, or financial account(s) have been compromised.

The Idaho Department of Finance (IDOF) announced today it has issued a consent order against, Nexo Capital Inc. (Nexo). Nexo is a Cayman Islands corporation formed in 2018 that provides cryptocurrency-related financial services. The IDOF’s action is part of a nationwide settlement of alleged securities law violations by Nexo in connection with its Earn Interest Product (EIP) accounts….

Patricia Perkins, Director of the Idaho Department of Finance, is warning consumers to look closely at incoming mail that may appear to be correspondence from regulated consumer lenders but are really third-party advertisements or even scams.

Home improvement projects can be
complex and may involve long-term financial commitments. Taking proactive steps, such as researching financing
options and their implications, and becoming familiar with other important considerations, can help homeowners
make more informed decisions and avoid common pain points associated with financing home improvements.