Fails on 13.0.1 for Mac OS X ARM (64-bit) (January 28, 2022) with the same message. However, this works.
Import["~/Downloads/fused.ply", "Summary"]
Import["~/Downloads/fused.ply", "VertexData"]
The vertex data values do not look right, the range of values is very large and some values are Indeterminate
.