Apex World Trading, Inc. may be engaged in fraudulent cryptocurrency trading scheme

The Securities Division has received a complaint concerning Apex World Trading, Inc. (“Apex”) from a Washington resident. The complainant alleged that he transferred $18,000 to an account at Wells Fargo that Apex had identified for trading cryptocurrency on its platform.  The complainant’s $18,000 appeared on his dashboard on Apex’s platform. 

The complainant eventually discovered that the platform was not legitimate.  When the complainant notified the bank through which he transferred the money about Apex’s fraudulent platform, he learned that his $18,000 was no longer in the Wells Fargo account, and that the bank cannot recover his funds.

How to Report

If you believe you are a victim of this alleged cryptocurrency scam:

• Report to FBI
• If you are outside Washington State: contact your local Securities Regulator
• If you are a Washington State resident: Submit a Complaint for statistical purposes. 

Other Resources

• Virtual Currency, Cryptocurrency, and Digital Assets Information for Consumers
• Investment Fraud
• What You Can Do to Avoid Investment Fraud | Investor.gov