Washington regulator warns of crypto fraud at Miami equity fund 005

The Washington State Department of Financial Institutions (DFI) Securities Division has issued a warning about cryptocurrency investment scams after receiving a complaint from a resident about his investment in Miami Foundation Equity Fund 005, according to Bitcoin.com News. The investor deposited funds on the now inaccessible Vims.one platform through a Whatsapp group led by “Mark” and “Alice,” who promised to provide more than 100 percent returns on cryptocurrency deposits twice a week. of returns. Despite paying a 5% withdrawal commission, the investor has yet to receive his funds. The scam used a similar name to the legitimate Miami Foundation, which was not involved, and the DFI has categorized these cases as “advance fee fraud” and cryptocurrency investment scams using social media.