Washington regulator warns Miami equity fund 005 of crypto scam
The Securities Division of the Washington State Department of Financial Institutions (DFI) has issued a warning about cryptocurrency investment scams after receiving a complaint from a resident about their investment in the Miami Foundation Equity Fund 005. The investor deposited funds through a Whatsapp group led by "Mark" and "Alice" on the now-defunct Vims.one platform, which promised over 100% returns on cryptocurrency deposits twice a week. Despite paying a 5% withdrawal commission, the investor has not received their funds. The scam used a name similar to the legitimate Miami Foundation, but the foundation was not involved. DFI has classified such cases as "advance fee fraud" and cryptocurrency investment scams using social media.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Telegram and Blockchain: Paving the Future of Crypto Gaming
INX to List Fast-Food Chain Furahaa Group’s Token on Nov. 20
25-Year-Old Missing Crypto Influencer Found Dead in Montreal