DFI warns Miami Equity Fund 005 of cryptocurrency fraud activities

2024-07-26 18:38:58

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ChainCatcher message, the Washington State Department of Financial Institutions (DFI) Securities Division issued a warning about cryptocurrency investment scams after receiving a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005. The investor deposited funds on the now inaccessible Vims.one platform through a WhatsApp group led by "Mark" and "Alice," who 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 Miami Foundation was not involved. DFI has classified such cases as "advance fee fraud" and cryptocurrency investment scams utilizing social media.

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DFI Miami Equity Fund 005 Crypto Scam

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