By Bo Tefu, California Black Media

California Attorney General Rob Bonta warned residents about rising cryptocurrency fraud and online sextortion scams, urging Californians to recognize warning signs and protect themselves as scammers increasingly target younger people through social media.

Speaking at a news conference on Oct. 19, Bonta said Americans lost $20.9 billion to internet-based scams in 2025, including $11.4 billion to cryptocurrency scams. He said artificial intelligence, deepfakes, and malicious smart contracts have made fraud easier to carry out and more difficult to detect and prevent.

While older Californians remain targets, Bonta said his office has seen a sharp rise in reports of Gen Z consumers being targeted on platforms such as Twitch, TikTok, and Instagram.

One growing scheme involves so-called rug-pull scams, in which fraudsters promote low-priced stocks or volatile cryptocurrencies through online investment groups and streaming communities. After generating interest and driving up prices, scammers sell their holdings, causing values to collapse and leaving investors with losses.

Bonta also warned about sextortion, in which scammers trick or coerce victims into sharing explicit images before threatening to distribute them to friends and family unless they pay. He advised victims not to give in to demands, saying scammers often do not release the images when victims refuse to pay. Instead, he recommended ignoring and blocking the perpetrators.

Another scheme, known as recovery fraud, targets people who have already lost money to cryptocurrency scams. Fraudsters impersonate blockchain recovery specialists or law enforcement officials and demand additional payments while promising to recover stolen assets.

Bonta urged Californians to be skeptical of promises of large returns on small investments, fake cryptocurrencies resembling established ones, and celebrity endorsements that may have been generated using artificial intelligence. He also warned that scammers can use AI to impersonate loved ones through manipulated video and audio.

“Never use a crypto ATM,” Bonta said, emphasizing that transactions can be difficult to trace and reverse and that the machines lack adequate consumer protections.

His office has shut down more than 100 fraudulent websites over the past two years that collectively scammed victims out of at least $8.3 million, he said.

Bonta also highlighted Senate Bill 1208, which he said was recently signed into law. The measure allows law enforcement to petition a court to return seized cryptocurrency to victims, including when alleged perpetrators are outside U.S. jurisdiction.

Residents who have fallen victim to scams can report them to the California Department of Justice at oag.ca.gov/report.

Bonta also urged victims not to feel embarrassed, stressing that scammers are responsible for the harm they cause.

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By Special to The Post

The Oakland Latino Chamber of Commerce (OLCC) recently served as the Host Chamber for the 47th Annual California Hispanic Chambers of Commerce (CHCC) Statewide Convention, held in Oakland in August 2026.

The Convention welcomed more than 1,000 attendees from throughout California and generated an estimated $3 million economic impact for the City of Oakland, providing significant support to local hotels, restaurants, transportation providers, retailers, and small businesses.

In conjunction with Visit Oakland, OLCC brought in various local sponsors and worked closely with the California Hispanic Chamber of Commerce, to make the Oakland Convention a success.

The success of the 47th Annual CHCC Statewide Convention demonstrates what is possible when business leaders, entrepreneurs, community organizations, and public partners work together with a shared vision, said Aliza Gallo, president of the OLCC.

“By welcoming more than 1,000 attendees and generating an estimated $3 million economic impact, we not only showcased Oakland as a premier destination for business and innovation but also created lasting opportunities for local businesses and entrepreneurs,” said Gallo, who also served as co-host of the event.

She adds that the “convention elevated Oakland’s visibility, strengthened statewide and local partnerships, and reinforced the Oakland Latino Chamber of Commerce’s commitment to advancing economic prosperity for our members and our community.”

As part of its leadership role, OLCC introduced two innovative features designed to extend the convention’s impact beyond the event itself. Conference workshops were recorded and made available for continued learning and professional development.

These recordings will be shared with OLCC members and made available for broader public access, expanding educational opportunities for businesses and entrepreneurs throughout California. The workshop content will also be distributed to the 85 Latino Chambers and Affiliate Members within the CHCC network, which collectively is 135 member organizations statewide.

In addition, OLCC created and managed the Oakland Mercadito, a vibrant marketplace showcasing local Latino and Latina entrepreneurs. The Mercadito provided small business owners with an opportunity to market their products and services, connect with new customers, and gain exposure to business and community leaders from across the state.

The initiative highlighted Oakland’s entrepreneurial talent and demonstrated OLCC’s commitment to supporting small business growth and economic opportunity.

“Oakland is one of the most diverse cities in the United States” commented Peter Gamez, president & CEO of Visit Oakland. “Our city’s celebration of culture makes everyone feel they belong here and allows for truly authentic experiences.

“Our diversity is a powerful draw for groups and individual visitors. We are extremely proud of this and continue to cultivate and grow this message as we welcome conferences and conventions to The Town,” Gamez said. 

For more information, see the Visit Oakland video about the CHCC Convention In Oakland: https://lnkd.in/p/eRpe2sYD 

The Oakland Latino Chamber of Commerce is the source of this story.

About The Oakland Latino Chamber of Commerce

Oakland Latino Chamber of Commerce (OLCC) www.oaklandlatinochamber.com is dedicated to advancing economic opportunity, strengthening business capacity, and elevating the visibility of Latino-owned businesses throughout Oakland and the East Bay. Through advocacy, partnerships, technical assistance, and community engagement, OLCC works to ensure that Latino entrepreneurs have the resources and support necessary to thrive. 

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By Bo Tefu, California Black Media

California Gov. Gavin Newsom and former Gov. Arnold Schwarzenegger celebrated two decades of the state’s landmark climate law on Wednesday, Oct. 14, highlighting California’s efforts to reduce greenhouse gas emissions while growing its economy and expanding clean-energy investment.

The Democratic governor and Republican former governor appeared together at the 15th annual California Economic Summit in Long Beach to mark the 20th anniversary of Assembly Bill 32, the Global Warming Solutions Act, which Schwarzenegger signed in September 2006. The law established a framework for reducing California’s greenhouse gas emissions and helped lay the groundwork for the state’s cap-and-invest program.

“We’ve shown the world what a state can accomplish,” Schwarzenegger said, highlighting California’s climate leadership.

Newsom credited Schwarzenegger’s decision to sign AB 32 with helping create the state’s cap-and-invest program, which requires companies to reduce their emissions, purchase allowances, or fund projects that offset pollution. Revenue from the program supports climate initiatives, affordable housing and transportation projects, as well as electricity bill credits for residents.

Newsom said California has reinvested $16 billion to offset residents’ electricity costs since the program began and expects to receive another $8 billion over the next four years.

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He also argued that predictable climate policies encourage businesses to invest in California’s clean-energy economy, pointing to Tesla as an example of the opportunities the state’s regulatory framework created.

“There’s no Elon Musk without what Gov. Schwarzenegger did because there would be no Tesla,” Newsom said.

Schwarzenegger agreed that long-term policy certainty helps attract investment, arguing that California’s climate initiatives demonstrate that environmental protections and economic development can advance together.

The state extended its cap-and-invest program through 2045 last year, giving businesses a longer-term framework for planning investments and meeting emissions requirements.

However, California’s approach continues to face criticism over energy affordability and regulatory costs. Wayne Winegarden, a senior fellow at the Pacific Research Institute, argued that assessments of the state’s climate policies should better account for the high energy costs Californians face. Critics have also questioned how much of the state’s economic growth can be directly attributed to its environmental regulations.

The governors’ joint appearance underscored their shared support for climate action despite their political differences. Schwarzenegger has criticized Newsom’s support for Proposition 50, the 2025 redistricting measure that temporarily allowed California lawmakers to redraw congressional districts.

The anniversary comes as California continues to pursue emissions reductions and clean-energy investment while facing questions about the cost of its climate policies for households and businesses.

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