When you lose your money to scammers, you seek help to recover it. To that effect, here are three options you have—seeking assistance from: the authorities, so-called professional scam recovery services, and our transparent as well as more realistic fund recovery services.
Just like everything has its own advantages and disadvantages, each of these options has its ups and downs.
1. Law Enforcement
When you choose to work with the police, you won’t spend money, which is a great thing. However, there’s no guarantee that your case will be taken up. Usually, the police have criteria for determining which cases to act upon and which to disregard.
In most cases, they prioritize cases where substantial amounts of money, say $50,000 and above, were lost. This means if you lost only a few hundred or thousands of dollars, they might not consider your case.
2. The So-Called Professional Scam Recovery Services
When you engage the services of a professional scam recovery service, instead of the police or our asset recovery solutions, you may end up losing even more money. This is because these services have very low success rates.
According to Scamadviser, they have less than a 1% success rate. In fact, the website trustworthiness assessment tool warns that, and I quote “….these services are often scams themselves or dubious at best.”
Furthermore, the Commodity Futures Trading Commission (CFTC), Federal Trade Commission Consumer Advice (FTCCA), Financial Industry Regulatory Authority (FINRA), and Forbes magazine, among other organizations, similarly warn that these services are scams. The worst part is that purported professional scam recovery services are the most expensive way for scam victims to pursue their lost funds. Most of these entities will ask you to pay hundreds or thousands of dollars upfront as a fee or retainer. Once they receive your money, they’ll simply tell you, “We are sorry, but we were unable to recover your funds because your case was too complex.” Others will continuously request additional payments until you can no longer afford it, after which they’ll do the same.
Law enforcement refers to them as the worst of the worst scams as they target people who are already victims. Recently, the FBI seized many websites operated by these dubious entities.
3. Our Fund Recovery Services
At Scamreader, we offer expert, guidance-based fund recovery services without charging an upfront fee. We do more than just guide you on what to do and link you with the appropriate anti-cybercrime authorities in your jurisdiction to help go after the scammers and pursue your money for free. Additionally, we help with:
- Case evaluation, assessing individual scam cases to determine if they meet the investigation thresholds set by relevant anti-cybercrime authorities. There’s another key player in each transaction that may have the capacity to resolve a case that doesn’t meet your authorities’ threshold. Don’t worry, we’ll reveal this information when you engage our consultancy services.
- Evidence collection, advising you on what items to gather as crucial evidence, and which compelling legal arguments to use when filing a complaint against the scammers.
- Case submission, assisting, if needed, in submitting your case to the authorities, ensuring that the evidence is presented effectively.
- Negotiations, negotiating with scammers on behalf of our clients to reach a settlement, avoiding the complexities of a legal pursuit.
Final Thoughts
Scam recovery can be an expensive and worthless process if you don’t know how to go about it. Scam recovery services shout the loudest, claiming to help victims recover their lost funds. Unfortunately, these services are scams themselves or dubious at best, taking hundreds or thousands of dollars from victims in the name of upfront fees or retainers only to disappoint them.
Working with the police is the best way to go after scammers because your law enforcement will do it for free if your case meets their investigation threshold. Alternatively, you may choose our asset recovery solutions where the recovery efforts will involve input from you, us, and the police. Unlike the bogus scam recovery services mentioned above that may require you to pay a lot of money, our fund recovery services are commission-based. We charge a 10% commission only on the recovered amount.
If you wish to proceed with us, go to this page. Alternatively, send us an email at scamread@scamreader.info.