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Be aware of Recovery scams! And pls avoid them.

All the investment scams out there show a very similar path: After having felt as a rich man/woman by seeing the life savings growing at a amazing growth rate, the reality in realizing that all was just a tricky fraud is devastating for the victims.  In this period of realizing that everything is lost[1], the victims  vibrantly try to find someone for help to get their money back and very often they fall victim to the next fraud: recovery scams!

Show up of recovery organizations:

As soon as  it gets obvious that nothing more can be “earned” from a registrant, the customer data is sold to other operators of fraudulent online trading platforms or to so-called funds recovery organizations. This is the beginning of a new journey of  harassment of the victims by email and telephone. Countless spam emails and callers from all over the world continue to harass the victims for months.

The recovery organizations promise to get the money back in exchange for a considerable down payment. But in 99,9% of the cases this does not work out – and pls do not think that you belong to the 0.05 % success case. Very often these recovery organizations are owned by the same fraudsters as the trading platforms and are working hand in hand with them. 

As far back as 2016, the United States Security and Exchange Commission (SEC) has issued ‘Investor Alerts’ urging investors and fraud victims to think carefully before paying money for asset recovery services that may prove fruitless. In the United Kingdom, the Financial Conduct Authority (FCA) on 12/12/2019 published a warning on their website concerning Pay Back Ltd also a recovering service proving fruitless.

Based on information received from our members we could identify the following recovery scammers

  • SCAM WATCHER
  • SCAM ONLINE
  • SCAM RECOVERY
  • MY CHARGE BACK
  • MONEY BACK
  • ACTION REFUND
  • FUNDS RECOVERY
  • MY LOST RECOVERY
  • WEALTH RECOVERY INTERNATIONAL
  • BOWSTRING CAPITAL
  • MY CHARGE BACK
  • WIN CHARGE BACK
  • PAYBACK INT
  • PAYBACK Ltd
  • FRAUD RECOVERY INTERNATIONAL
  • MY WEALTH RESTORATION
  • GLOBAL FTI
  • RECLAWS
  • SCAM INVESTIGATON
  • MY PRINCIPAL CHARGE BACK
  • EDGA RECOVERY
  • FORTUNE CHARGE BACK
  • WEALTH WATCHS
  • GFN CHARGEBACK
  • TIMES 4 ACTION
  • STAINWAYFINANCIALS
  • BROKER DISPUTE
  • ELLIS AND BURLINGTON
  • HELP REFUND IT BACK

Pls avoid these companies, they are also scammers! (in case you know one we missed, pls give us a comment below and we will include them in our warning listing).


[1] Registration with the fraud systems results in 99% of all cases in a total loss of savings for these small investors. In the worst case even with an additional financial burden, as many victims are encouraged to take out a loan through false promises and assurances.

1 reply on “Be aware of Recovery scams! And pls avoid them.”

I lost € 110.000 by Kayefx a really fraud company (Binary Options). My money was transferred to Andelskassen in Copenhhaagen, a fraud danish Bank and now closed by Finansiel Stabilitet. Andelskassen transferred my money for money Loundering to the scammers Moorwandts. I spoke to Andelskassen before it was closed and he admit the problem within the Andelskassen and said, “It´s scammers
everywhere” . I asked my bank Handelskassen for a recall. The owners of Kyafx called me several time to press me to ask me stop the recall. They

were very agressive. The security department of Handelsbanken, but only informed me it was impossible. Handelsbanken was not working for me during this period and all this period I was wondering why?. until I one day discovered that Handelsbanken Denmark /Sweden was in cooperation with 5 or 6 danish Banks one of those was the danish Andelskassen. Handelsbanken during this time had I sent a claim to the swedish Finansinspektionen and to managing director of Handelsbanken, But she didn´t answer. I have been in a very bad situation since this. happened.
In november I was contacted by the british squad fraud police working to help people to find their lost money, they are wellknown. They have found all my money in a bank in Coq Island. The bank confirmed the money, which was now in bitcoin, totally in an amount of 3 milj€.
I was very happy and I sent some money to them. I was scammed by Kayafx once more. Now I want to report Handelsbanken for not helping time me the first . Give me some advice please. Handelsbanken had really
problems during the last year because their cooperation with the danish fraud banks. The share went down a lot and share holders couldn´t understand Why for SHB. I want to do something to Handelsbanken. Kerstin

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