How to Tell The Difference Between Real and Scams?
Once you have understood you may have been scammed, you will try to recover your funds, as you should. But, just like the companies of binary options and forex, a lot of them are NOT REAL COMPANIES!
A lot of companies claim to be UK-based but unless they can produce British representation you should stay clear, the same going for Canada, USA, and Australia. Also, any company that is brazen enough to tell you they are in Israel has done you a favour. Stay clear of all these red flags.
These companies will not assist you with your recovery, all they will do is make another transaction from your bank account to the company.
Usually, they will call right after you realise you are having a problem with the company you have dealt with.
If the company has closed the website and is not answering any of your calls or emails, they have probably stopped working. Either they have been busted or just got too many bad reviews and chargebacks, and had to change the name to get better relations with the banks, and to be able to target new clients with a new name.
Once you tell them that you know they are a scam, or said you will never put any more money in, they will just not answer your calls and emails. That’s when you will start getting calls from other companies for fund recovery/tax refund. They will either sell your information to other companies or will have a Department that is making fund recovery calls. Either option will not help you.
So, if you haven’t entered your information to get a call back from a specific company, please keep in mind it might be the same company you have worked with.
These types of companies work under no rules, morals, or ethics, Staying in the dark, usually paying cash to employees because they are not registered as a company. Therefore there is no order with the way they work and there is no protocol. At the beginning of binary and forex, the agent had to have your approval to use your card. If not, you could have easily requested a chargeback, because the bank will ask for the phone call record which a real company must-have. The company will prefer to just give the money back and not hand over a tape because that exposes what they do. But this has changed, and various countries have stopped ignoring these types of companies, even though they generated a lot for them in tax revenue. But once stories started circulating, and countries started receiving bad publicity, Governments forced the companies to stop working. Banks do not want to be associated with fraudulent companies. This is because they pay people to open new accounts every couple of months, and it can take the bank several months longer to realize what the company is up to.
Any fraud company that is working with bitcoin is doing so because that is their only option, and because they know that bitcoin is almost impossible to trace.
There are a few ways for them to do make a transaction, but here are the two main ones:
They will say that you have to pay tax on the amount that you have lost, or whatever they think you are capable of giving them.
They will get you on the computer telling you that your money is there and say they have to show you how to make the transaction. Once they are on the computer they will transfer every dime you have available through the bitcoin account, hang up the phone, and not take any more of your calls.
In both cases, they will try their best to make the transaction through bitcoin. They usually have a few other options, but the first option will always be bitcoin, and unless you firmly disagree with that, they will make it through bitcoin.
The points you should pay attention to:
They will tell you how much you have lost – a real fund recovery company has no access to this information. If that is the case it is most likely the company that has scammed you is trying to scam you again.
Ask to share a screen with you on Anydesk or Teamviewer
if you haven’t entered any information to get a call back from this company – it’s not a real fund recovery company.
Payment over bitcoin. No fund recovery company working under UK laws can take bitcoin as payment. Use a card or bank transfer only!
The Times of Israel has covered this subject extensively and if you want to stay safe online, you should check out their article on Recovery scammer’s WealthRecoveryExperts in Israel ( https://www.timesofisrael.com/us-jails-ex-binary-options-fraudster-who-then-claimed-to-help-victims-for-a-year/ ). Copy cats WealthRecoverySolisitors are still at large.
There is no better place to claim back your money so contact ClaimBack today and get your FREE consultation with one of our experts.