Protecting Our Seniors: Cryptocurrency Scams and Financial Exploitation in Walnut Creek and the Bay Area

As technology evolves, so do the methods criminals use to exploit vulnerable populations—particularly our elderly loved ones. In recent years, cryptocurrency scams have surged, with fraudsters targeting seniors in Walnut Creek, Contra Costa County, and across the San Francisco Bay Area. At M.S. Domingo Law Group, P.C., we’ve seen firsthand how devastating these scams can be, both financially and emotionally.

 

The Rise of Cryptocurrency Scams

 

Cryptocurrency—such as Bitcoin, Ethereum, and other digital assets—has become increasingly mainstream. Unfortunately, its complexity and anonymity make it a perfect tool for scammers.
Common tactics include:

• Fake investment opportunities: Scammers promise quick profits or “risk-free” returns.

• Romance scams: Fraudsters build online relationships to gain trust before asking for crypto “investments.”

• Tech support and impersonation scams: Criminals pose as bank representatives, IRS agents, or tech support specialists, convincing victims to transfer funds via crypto.

• Phishing emails and fake websites: These look legitimate but are designed to steal personal and financial information.

Seniors, especially those who are less familiar with digital currencies, are prime targets. Many victims in Walnut Creek, San Francisco, Oakland, and nearby communities lose tens of thousands of dollars—sometimes their entire life savings.

 

Warning Signs of Crypto Fraud

 

If you or a loved one receives messages or calls that include any of the following, it’s time to be cautious:

• Urgent demands for payment or “verification” via Bitcoin or another cryptocurrency.

• Requests to download unfamiliar apps or click unknown links.

• Promises of guaranteed investment returns.

• Online acquaintances asking for money or investment help.

Legitimate companies and government agencies will never request crypto payments or gift cards.

 

How to Protect Elderly Loved Ones

1. Have open conversations about online safety and financial decisions.

2. Review financial accounts regularly for unusual activity.

3. Use strong passwords and enable two-factor authentication.

4. Report suspicious activity immediately to local authorities or financial institutions.

For residents in Walnut Creek, Lafayette, Concord, and throughout the Bay Area, early detection is key. If you suspect a loved one has been victimized, take action immediately.

 

Legal Options for Victims

 

At M.S. Domingo Law Group, P.C., we assist victims of financial elder abuse, fraud, and exploitation—including those involving cryptocurrency. Our team understands California’s Elder Abuse and Dependent Adult Civil Protection Act (EADACPA) and how to pursue justice against those responsible.

We can help:

• Investigate fraudulent transactions.

• Work with financial institutions to recover funds.

• Pursue civil claims against perpetrators or negligent third parties.

• Provide compassionate legal support for affected families.

Contact M.S. Domingo Law Group, P.C.

 

If you or someone you know in Walnut Creek or the greater San Francisco Bay Area has fallen victim to a cryptocurrency scam or elder financial abuse, don’t wait. Legal action and early intervention can make all the difference.