Example Money Recovery Scams

Updated August 2022

How Scams Work

A SCARS Insight

Throughout Social Media, You Are Drowned In Fake Money Recovery Scams

Here is our guide for how you can tell the real ones from the fake ones! Yes, there actually are real money recovery companies.

First: Anyone That Openly Engages In Direct Messages Or Social Media Comments About Money Recovery Is A Fraud

Here Is One Common Fake Comment On Facebook:

Strangely, these kinds of fake money recovery post comments seem to come from Portuguese profiles.

Here Is A Fake Money Recovery Scam Email:

Dear Scam victim,

This is National Crime Investigation Center USA.

In our investigations from banks on International and National Funds Transfer (INFT) protocols in the past 10 years from all banks worldwide. We have come across your contact details and records with one of these Banks. In view of the carried investigations, we have contacted you confidentially for vital information toward your transaction with this bank. It was clear that the bank have delayed your payment thereby looking for a means to divert your fund to different individual account not belonging to you.

However, all bank officials who mishandled your transaction has been duly sacked and management dissolved and dismissed from bank work as a result of this attempt. Upon our investigation conclusion, we found out that your transaction was legitimate and for this reason, a compensation amount of $3,150,567.00 (Three million one hundred and fifty thousand, five hundred and sixty seven dollars) has been allocated to you for immediate payment through our accredited bank, Platinum Federal Credit Union USA.

Kindly contact the compensation paying officer with the below details.

Name: Mr. Giacomo De Giorgi
Email: giacomo.de.giorgi@onet.pl

Thanks.
Yours sincerely,
Mr. Scott Grog

An Instant Message Example:

Second: There Are Real Money Recovery Companies

Real money recovery companies do exist, but they are very few in number.

Unfortunately, real money recovery companies and fake ones will sound similar. They will both ask for money because these are not free services.

However, here is a big difference:

• Real money recovery businesses are real corporations (or limited liability corporations or nonprofits).
• You can verify their status by asking for their full corporate name and in what US State, Canadian Province, or Country they are incorporated in.
• You can go to their State and look up their corporate status.
• Then check their Better Business Bureau status and rating

Government Money Recovery

As many of you know, the U.S. Federal Trade Commission entered into settlements with the two major Money Transfer Services – Western Union & Money Gram – to repay scam victims. To learn more go here: Scam Victim Finance & Money Recovery Article Catalog

Anti-Scam Amateurs

Sadly, many groups simply give you a knee-jerk reaction and say all money recovery is a scam. Most are, and some are not. In any profession, there are fakes (such as amateur anti-scam groups for that matter) and you have to do your homework to know and be sure. Don’t simply listen to one group and not do your own research.

Real money recovery companies are regulated by their state professional licensing and consumer protection laws. You need to verify first, then you have recourse if it does not work out. This is why it is so important to do the research first.

Crypto Recovery

Police now have available new tools that allow them to track your crypt to where your cryptocurrency ended up. Once they trace it, they can seize it and refund it to you,

Good luck and stay safe!