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
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
