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Binary Option
Ask for professional help. Don’t
hesitate to take proper action towards retrieving your money. Not all is
hopeless, Funds Recovery is here to provide you with options. We are
here to help you minimize the consequences of your scam experience.
Hopefully, our company will help you get your hard-earned money back. We have a team of experts at your
disposal who are ready to take on your case. They have extensive and
diverse experience in legal matters and financial remedies relating to
fraud and scams. Our professionals boast a large number of successful
cases. Because of this, chances are that we have already dealt with
similar cases to yours. So don’t wait any longer and make the first step
towards retrieving your money. Contact us now for a free consultation. You’ve found yourself an excellent
site for trading opportunities, or perhaps you’ve formed a business
relationship with a knowledgeable broker with hot tips. They advise you
to invest a little bit extra for that amazing opportunity to score the
big bucks. Everything is going swimmingly until the first moment you ask
to collect your gains. The biggest red flag is when clients
are unable to withdraw their funds easily. Fraudulent institutions will
provide you with various reasons and excuses why you can’t access your
funds. They might even ask for an additional withdrawal fee. Victims may
end up in a labyrinth of contacts referring them to someone else who
can give them their money. Generally, no one answers their calls or
emails. In either case, the scammed person has lost their money. Quite often, identity theft is a
common element of various types of scams. Binary options schemes usually
include fraudulent platforms and software that mine personal data from
their unsuspecting clients. This information is consequently employed
for nefarious reasons. The victim’s identity is abused to take out bank
loans or make unsolicited payments and investments. Ultimately, the
scheme is incurring a considerably greater financial injury than the
loss of invested money. Since binary options trading is
commonly done electronically and through internet portals, the
information and figures are highly susceptible to manipulation. The
scammers may embezzle their clients from their money by tweaking
numbers. Even if the victim wins, the fraudulent parties can present the
figures as if their client has lost the money. In some cases, this is
difficult to check. What’s more, the fraudsters may employ a network of
fake sites to assert their credibility. Unfortunately, their targets are
unaware they’re caught in the web of lies.What Can You Do in Case of a Binary Options Scam?
Inability to Collect Your Funds and Radio Silence
Identity Theft
Manipulation of Software to Generate Losing Trades
Forex Trading Scam
Are you a victim of a Forex trading scam? Are you worried
about losing your hard-earned money to fraudulent trading schemes? Have
you discovered a forex trading platform with amazing trading options, a
free demo account and lucrative financial assets, but it seems too good
to be true?! The forex market is a highly lucrative and fast-paced industry, but
it is also a breeding ground for scams. These money-grabbing cons come
in various forms, from fake trading software to Ponzi schemes, and they
can leave victims in financial and psychological ruin. For this reason, individual traders have to educate themselves on the
dangers of forex trading scams to protect their finances. By
understanding the warning signs, you can perform your due diligence and
discern legitimate opportunities for actual profits from forex scams. Keep reading our article to learn how to avoid forex scams and enable
yourself the chance to trade forex safely. Together, we can put a stop
to these fraudulent schemes and protect investors from forex trading
scams. Simply put, forex scams refer to fraudulent schemes that prey on
unsuspecting traders in the foreign exchange market. These cons come in
various forms, including fake trading sites, fraudulent brokers, and
even Ponzi schemes. The common factor, though, is that all of these
scams promise high returns on investments with little to no risk. Generally speaking, forex scams lure and manipulate traders into
investing with unregulated or unscrupulous brokers. These organizations
or individuals may promise unrealistic ROI or offer trading signals and
software that are too good to be true. Sadly, traders succumb to
manipulative tactics and consequently transfer money to crooks. Once the
trader gives away their funds, the broker disappears with it. Though each fraud case is individual, and victims can often find
themselves in unique situations, the fact of the matter is that scammers
operate on well-tried tricks and scenarios. Recognizing the mechanisms
of the scheme may be the key to avoiding it, and so we’ll present you
with the typical case of a forex scam. Be warned that specific
situations, conditions of fraud, or your own experience may differ. One should understand that scams influence targets much before they
come in contact with them. Primarily, fraudsters create fake social
media profiles, set up fraudulent trading systems, and sometimes invest
in aggressive marketing across the internet. They utilize these assets
to practice social engineering and create a false image of being
legitimate forex companies. When eventually, someone finds the site or
fake social media profile, it looks genuine and reputable. Regardless of the form the forex scam takes, it dominantly entices
its victims with the dazzling promise of an unbelievably large return on
investment with a 100% guarantee. Basically, They promote instant vast
wealth with no risk whatsoever. They support these claims by feigning
financial expertise, state-of-the-art forex robots, insider information,
and so on. At first, the individual experiences small profits, and they might
even be able to collect them. This is all for the purpose of reinforcing
the insidious illusion that the forex scam is actually working. The
victim believes the broker generates wealth, and so they are encouraged
to invest larger and larger amounts. However, the moment the person
tries to withdraw their money, they realize they can’t. They are met
with withdrawal fees and transaction costs, but ultimately they realize
their money is gone. The success of most forex scams lies in the exploitation of simple
truth – almost everybody wants or needs money. Whether this is motivated
by simple greed or because the individual is in a dire financial
situation is irrelevant. Scammers abuse this, and they lie about how
they can provide easy and quick riches. Many novice forex traders are
drawn in by the promise of high returns with little risk, while some
people reach for unregulated brokers because they need a steady stream
of income. Forex scams are particularly effective because they use social
engineering, false marketing, and exploitative narratives to trap and
control their unsuspecting targets. Fraudsters are masters of pressure
tactics, emotional manipulation, and FOMO – the fear of missing out. It’s also important to note that everyone can fall for forex scams.
People have a false impression that only gullible and greedy people can
get scammed. The truth is, fraudsters use every trick possible to
swindle people, and it’s just a question if they find the right tactic
for the specific individual.
What Are Forex Scams?
Typical Forex Scam Case
Why Do People Fall For Forex Scams?
Cryptocurrencies and Bitcoin scams
The entire cryptocurrency market has reached a total traded capitalization of nearly $2 trillion dollars in just 10 years. The price of a single bitcoin reached $18,737.60 by 18 December 2017, with a global FOMO frenzy, but then the price of bitcoin tanked to as low as $3,209.76 by 15 December 2018. The volatility of the cryptocurrency has not however deterred investors trying to make a quick buck and this is where the scammers take advantage of innocent victims.
Although blockchain tech is a relatively safe technology, cybercriminals manage to find breaches and loopholes to break into the websites and compromise users’ digital wallets and funds. It goes without saying that the laws protecting investors of ICO are far from perfect, so it’s easy for founders to commit serious financial crime and get away with it. The term “Wild West” is often associated with cryptocurrencies and for the most part, it is true, as global regulation is still a work in progress, with governments struggling to keep up with the pace of innovation.
People often buy cryptocurrencies using a credit card/ wire transfer or any type of method to move funds to an exchange and in some cases directly through the scam websites, and this is where the liability can be attributed to the card issuers and banks, as they are supposed to safeguard customers funds.
Investment Scams will often get you to transfer cryptocurrencies as they are anonymous it is very difficult for an untrained to track and recover their funds. Below are two of the most prolific scams in recent history:
In 2015 Ruja Ignatova, along with her brother, Konstantin Ignatov, ran “OneCoin” which claimed to be a new and better version of the cryptocurrency Bitcoin and managed to steal an incredible $5 Billion from people around the world. They held elaborate and glamorous events where they pitched OneCoin to potential investors and claimed it was going to change the world and usher in a new world of financial freedom. Those who invested early were told they would be at the start of a revolution. However, nothing actually existed, OneCoin didn’t have a blockchain, a cryptocurrency or wallet. Ruja Ignatova vanished in mid-2017 and is being charged with money laundering offenses in several countries.
Another well known MLM cryptocurrency scheme was a company called “Bitconnect” that had a total capitalization of trade in excess of $1.5 Billion just before the entire house of cards came tumbling down on 16 January 2018, and with it many thousands of people lost all of their investments to what turned out to be a global Ponzi scheme. The scammers were accused of fraud, misrepresentation, and misappropriation in connection with bitcoin/BCC trading. The crypto scammers are now being sought by law enforcement authorities in virtually every major country.
Common types of Cryptocurrency Scams
Cryptocurrency scammers are constantly inventing new ways to steal your coins & tokens many people have reportedly been a victim to one of these five types of scams below.
The Pump & Dump
The crypto scammers “pump up” or hype up (pump) a cryptocurrency that they own in bulk with the aim to sell it (dump) once the value peaks due to the increased demand that they themselves have generated. In most cases, however, they will actually convince newbie inexperienced investors into colluding with their scam with false promises of massive returns. Sadly these naive people often find out too late and are then left holding huge amounts of worthless cryptocurrencies.
Fake Investment Syndicates
Often the only people who profit from online “syndicates” are the scammers who run them. The sites look incredibly legitimate and, similar to binary options sites, they also feature photos of happy members with large houses, sports cars or in exotic locations, and claim to have made megabucks by investing with the hidden cryptocurrency pros who stand behind the curtain. The last time you see your money will be when you hand it over to the scammers and then suddenly the customer support is too busy to assist with your inquiries about returning investments or missed deadlines for dividends.
Fake Exchanges
They’re all over cyberspace, and for first-time investors, they’re hard to distinguish from the legitimate ones. In December 2017, Korean authorities closed down one of them, BitKRX. What was particularly pernicious was that BitKRX usurped the last three letters of its name from KRX, the Korean Stock Exchange, in order to purposely misrepresent itself.
Fake Wallet
This scam is custom-made for cryptocurrencies. Since “altcoins” are bytes of data, rather than metal, they have to be parked somewhere online in what is euphemistically called a “digital wallet.” Innovative scammers with good marketing skills set up their own digital wallets advertise aggressively for customers to come along and once they deposit their cryptocurrency in them, it disappears forever.
Ponzi and Pyramid Schemes
If cryptocurrency investments are, as they say, guaranteed to quickly appreciate in value at a skyrocketing rate, why would someone offer you a higher interest than the market currently generates? The most obvious answer is because the offer is a red light for a cryptocurrency Ponzi or pyramid scheme. The phenomenon will continue, since other such online schemes employ the same 200%-in-90-days business model, and are bound to collapse as well. The main difference between the operators of these sites and Charles Ponzi, for whom the scheme is named, is that these guys, unlike Mr. Ponzi, are anonymous.
Telegram messaging
Using the ‘Telegram messaging” platform has its risks also and it is often used by scammers to trick victims into thinking they are dealing with real “admins” just by changing their username so it looks official, essentially they will add a letter or even “admin” next to their username. Once they have started a conversation with you they will take time to gain trust and offer help and even appear to be very sympathetic to your needs. However, they will soon ask you to transfer cryptocurrency as part of an admin process to verify your details or they will try to get you to send the private keys to your wallet. Many people new to cryptocurrencies are very trusting in the beginning and are not sure about what to look for to spot the scams and the scammers rely on this and take full advantage to steal your money. Telegram is also full of bots and spam which often have links to fake sites or to sites that can install phishing links that scrape your data and allows the scammers to get more information about your online presence, so we recommend never to click on these links.
Whatever the problem preventing you from accessing the cryptocurrencies you own, you should not give up hope on cashing in on your investment as the prices of bitcoin and other cryptocurrencies has increased so dramatically. We can provide you with solutions to get back your inaccessible or stolen coins, we can also help in many other circumstances preventing access your coins. reaching out to our experts may be the only option you have for recouping your lost investment, so don’t hesitate to get help.
Other Scams
What the general public rarely understands is how numerous and often scam cases occur. Fraud doesn’t just happen to gullible old people in retirement homes, it can happen to anyone including you. The reason behind this is that scammers constantly work on new ways to extort people’s money and personal information.
Fraudsters are constantly on the lookout for a new target and they prey on people’s desires, decency, and even desperation. The scammers work in groups to make complex strategies and practice social engineering, so eventually, anyone can become their victim. To make things worse these deceitful organizations constantly find new ways to trap people.
Wherever there is an opportunity for making money, scammers will try to infiltrate. As long as there are people who want something, like love, security, and a desire for better life con artists will try to exploit that. This is the reason why scams are so pervasive and always take a new form. Since they are so numerous we have selected a list of common ones and we would like to present it to you.
Advance Fee Inheritance Scams,
Agribusiness Scams,
Carbon credit Scams,
Credit Trading Scams,
Charity Scams,
Diamond Scams,
Early Pension Release Scams,
Fortune Telling Scams,
Gambling & Casino Scams,
Insurance & Warranty Scams,
iTunes Gift Card Scams,
Land Bank Investment Scams,
Loan Fee Scams,
Parking Ticket Scams,
Rare Metal Scams,
Real Estate Scams,
Share And Bond Scams,
Small Business Scams,
Student Loan Scams,
Travel Prize Scams and Unregulated Investment Scams.
What We Have Here for You
24x7 Access
Our trained Agents are readily available to attend to all complaints and New entry
Our Mandate
We leverage our experience to present your case effectively and professionally to your bank in order to maximize your chances to recover your funds.
Our Vision
To provide clients with a proven way to recover their money after being scammed, being lied to or having their information compromised.
Our Mission
Put your money back in your wallet – where it belongs. With our help, they have no other choice: THEY WILL PAY YOU BACK.