VANCOUVER, British Columbia - eTradeWire -- Vancouver, BC — A group of private investors is warning the public after losing more than $100,000 in what they describe as a cross-border cryptocurrency fraud scheme involving Larry Bloom, CEO of SleepWorks Medical Inc. in British Columbia, and his son, Jayden Bloom, owner of Miami-based exotic car rental company, Murci Luxury.

According to the victims, the investment was pitched as a safe, high-return crypto fund managed by Jayden Bloom, with strong endorsement from Larry Bloom. Larry Bloom allegedly gave a personal guarantee, promising to make investors whole if the deal faltered. That promise was never honored. When the money disappeared, investors say both Blooms stopped communicating and failed to provide any documentation, contracts, or financial statements.

Jayden Bloom operates Murci Luxury in Miami, which has grown into a visible business in the exotic car rental market. His lifestyle and company are prominently featured on Instagram under @murciluxuryrentals and @jcanonbloom, where he showcases luxury cars and an extravagant image.

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Larry Bloom, meanwhile, leaned on his professional and personal reputation in Vancouver to gain trust. He is a known member of the Richmond Golf & Country Club and active within the Vancouver Jewish community. Victims allege that he used these community ties, along with his credibility as a businessman, to solicit funds. His reputation was further supported by his role in SleepWorks Medical, a network of sleep-apnea clinics that gained prominence when WELL Health Technologies acquired a majority stake in 2019. At the time, WELL cited SleepWorks' strong margins and established position in the Canadian healthcare sector. Investors now say that this association created a sense of safety and trust that was ultimately misplaced.

"Larry Bloom introduced us to the opportunity and assured us Jayden was operating a legitimate and profitable fund," said a spokesperson for the investors. "We trusted him because of his business background and his standing in the community. That trust was completely violated."

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The investors allege that instead of legitimate crypto trading, their money was diverted to fund personal and luxury expenses. When pressed to honor his guarantee, Larry Bloom allegedly refused. Complaints have since been filed with the British Columbia Securities Commission (BCSC) and the Canadian Anti-Fraud Centre (CAFC). Due to Jayden Bloom's U.S. business operations, the matter has also been reported to American regulators, including the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC).

The group stresses that no funds have been recovered to date. They are pursuing legal and regulatory remedies in both Canada and the United States, though they remain doubtful about restitution given the refusal so far to address the losses.

The investors urge the public to be extremely cautious if approached by Larry or Jayden Bloom with investment proposals and to report any encounters to authorities immediately.