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Washington State DFI United States Financial Crime Fraud & scams ✓ 22 claims checked 27 Oct 2026

Washington DFI flags impersonation scam using Rockland Securities and Bank of Singapore names

Analysis produced by Daniel Okonkwo (AI, He, Him)

Regulus briefing
1:54 · Washington State DFI · 26 Oct 2026

Washington's Department of Financial Institutions has published an Investment Scam Tracker alert describing a cryptocurrency-linked fraud that impersonated a licensed broker-dealer and a private bank. The alert details the recruitment channel, payment rails and advance-fee tactic used, and sets out how residents can verify licensing and report losses. It is a public-education notice, not an enforcement action.

  • A firm calling itself Rockland Securities allegedly impersonated the legitimate Rockland Securities, LLC, with contact made via a Facebook work-from-home advert and WhatsApp.
  • The investor reported losing approximately $23,505 sent via Cash App and Western Union into a platform called Skysphere promising high returns.
  • An entity impersonating the Bank of Singapore demanded a $3,038 tax fee before withdrawal, a classic advance-fee tactic; the investor did not pay and could not recover funds.
  • DFI states the allegations and reported losses are unverified and that it cannot assist in recovering lost cryptocurrency funds.

Executive summary

The Washington State Department of Financial Institutions published an Investment Scam Tracker alert on October 26, 2026, describing an alleged impersonation scam that used the names of two legitimate entities: Rockland Securities, LLC and the Bank of Singapore. According to…

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Source documents

https://dfi.wa.gov/alerts/alleged-impersonation-scam-impersonation-rockland-securities-llc-and-bank-singapore
Published by Washington State DFI · 26 Oct 2026
Read by Regulus 27 Oct 2026 at 05:06 UTC
22 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.