We received a complaint about a Dimensional Funds Scam, an elaborate investment scam conducted through WhatsApp.

Case Study

The scam began with the victim being added to a WhatsApp investment group that contained around 100 participants.

As is often the case with these types of scams, the setup appeared convincing, with frequent discussions of profitable stock tips and investment opportunities.

Early on, the victim transferred funds in the form of USC/USDT and ETH, as well as two international bank transfers to Hong Kong, following the group’s promising leads and advice.

At first, the scammers even allowed the victim to withdraw $10,000, a classic tactic to build trust and encourage further investment.

This created a false sense of security, leading the victim to believe that the platform and process were legitimate.

However, as the victim continued to engage with the group, the scammers began demanding more and more, asking for additional funds to cover commissions and other supposed fees.

As the financial requests increased, so did the victim’s suspicion.

What stands out in this case is the apparent professionalism and organization of the scam.

The scammers involved, including a primary figure identified as Ryan J. Wiley and entities like Dimensional Funds and Emma Roberts, used multiple communication channels, including WhatsApp and email, to maintain the façade of a legitimate operation.

They also provided access to a misspelled website, further raising red flags.

At a certain point, the victim’s gut feeling began to override the illusion, and they reached out for help, realizing that the operation was likely fraudulent.

Despite these concerns, the victim continued to engage with the group for a time, likely because they had already invested significant sums and felt committed.

Only after additional demands for commissions and fees were made did they finally realize the extent of the deception.

By then, they had lost a total of $135,000.

The Bottom Line Regarding the Dimensional Funds Scam

From everything we have learned in this case, it’s clear that this is a well-orchestrated scam targeting individuals through WhatsApp groups.

It lures them in with promises of high returns, followed by small withdrawals to gain their trust.

The scammers are strategic, operating in a way that makes it difficult for victims to know they are being deceived until it’s too late.

Although the initial withdrawal gave the appearance of legitimacy, the subsequent demands for commissions and the victim’s gut feeling about the misspelled website are strong indicators that this was a scam all along.

In conclusion, based on the evidence we’ve received, including the victim’s testimony and the detailed transaction records, we believe this is indeed a scam.

The sophistication of the operation, combined with the tactics used to manipulate and control the victim, aligns with common methods employed by fraudsters.

We urge anyone encountering similar scenarios—especially investment opportunities pushed through WhatsApp groups or platforms with poorly constructed websites—to exercise extreme caution and seek professional assistance before investing.

If you have been scammed, we offer Cryptocurrency Tracing services.