Imposter Scam Alert:
Community State Bank has been alerted to a possible imposter scam (scammers calling or messaging while pretending to be a trusted organization, such as your bank). We will never call or text asking for your username, PIN, password, security code, or full account number. If you receive a suspicious call, text, or email claiming to be from the bank, do not respond. Contact us directly using a trusted phone number.
UNION GROVE — A new law passed earlier this month prevents Wisconsinites from being scammed out of their life savings at crypto kiosks.
Victims are required to report the incident to law enforcement and the crypto kiosk operator within 30 days to receive a refund.
“The new law marks a meaningful step forward in protecting everyday people from financial harm,” Community State Bank BSA/AML Officer Sherri Gorecki said.
“It gives us the opportunity to help customers recover money that might otherwise have been lost to scams involving cryptocurrency kiosks.”
The new law was supported by AARP Wisconsin and authored into law by Rep. Pat Snyder (R-Weston), Rep. Steve Doyle (D-Onalaska) and Senator Jesse James (R-Thorp).
Key provisions of the new Wisconsin law include:
Last year, Americans had $333 million stolen from them by crypto kiosk scams, according to Wisconsin AARP.
“Wisconsin is showing that it takes both innovation and consumer protection seriously,” Gorecki said. “It’s refreshing to know there’s now a safeguard in place when a customer falls victim to this type of scam.”
If you have any questions about a recent transaction or security concerns, please contact CSB directly at (262) 878-3763.
Community State Bank has proudly served the communities of Southeast Wisconsin since 1898. It is a locally owned and operated community bank headquartered in Union Grove, Wisconsin. For more information, please visit CSB.bank.
