Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Police, city staff warn of cryptocurrency kiosk fraud; city plans work session on potential ordinance
Summary
City staff and police described repeated fraud through cash-to-crypto kiosks in Forest Lake and neighboring cities and said they will return to council with proposed actions after additional vetting and consultation.
Amanda, a city staff member, briefed the council on work with the Forest Lake Police Department regarding fraud tied to cryptocurrency kiosks located in the city and said staff and police plan to present proposed responses at a future work session.
Amanda said fraud reports associated with three kiosks in Forest Lake totaled more than $300,000 for 2023 and 2024. She told the council that Woodbury has reported over $6.6 million in similar fraud since 2021 and that many victims are elderly or otherwise vulnerable.
Amanda said the state passed legislation…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
