Have you ever been in an internet fraud case before? It’s quite a sad ordeal, but don’t panic! There are several firms that can assist you in recovering your lost money. However, it is not as easy as it seems.
These companies promise to help you get your money back, but not all of them are genuine. So, in this article, we will walk you through the necessary steps to take before signing up with any recovery firm.
Eventually, you should be able to identify the real recovery company and avoid falling into another trap again. Continue reading in order to know how you can confidently recover stolen funds!
1. Payment Method
To understand payment options would be important if you have been a victim of fraud and then need to get in touch with recovery firms. Many fraudsters prefer digital currencies or gift cards for receiving payments. These are red flags.
Why? Cryptocurrencies are difficult to track down, while scammers find gift cards very easy to use. Nevertheless, genuine recovery firms usually employ traditional ways like these:
- Wire transfers: These are secure ways of transferring money because a legit person must present documentation to open a bank account, which a scammer avoids.
- Credit Cards: Extra security is provided by using credit card whereby you can dispute charges if any.
- PayPal: Famous online payment platform which ensures more secure transactions.
Always remember, making a mistake while choosing the payment method has consequences; therefore, it’s vital that one goes for the right one. So, when looking for help from recovery companies, it is advisable to use safe alternatives so as not to lose money again.
2. No “Hacking” Claims
When you are dealing with recovery companies after being scammed, watch out for a key red flag: claims about “hacking.” Legitimate recovery firms do not make any promises to “hack” the scammer and recover your funds. If a company is making such promises, it is probably a fraud.
These scammers often offer grand pledges that they can mysteriously “hack” the scammer and get back your money. It may sound tempting but it is not real. Why? That’s because reputable recovery firms don’t use hacking techniques. Instead, they go through legal procedures within the system.
Real recovery firms follow the legal route through engaging legal experts, gathering evidence and using established methods in order to claim back funds. They do not promise shortcuts or magic solutions.
3. No Threats or Pressure
Don’t believe any recovery companies that tell you something like “Your money will be released back into the blockchain in X days.” Most of these scammers would use fear as one of their manipulative tools on those who have been conned to make them hurriedly pay.
For example, the scammer tells you, “Your funds are about to be permanently lost in the blockchain. Act now or it’ll be too late!” You’re scared to death. But in desperation and fear, you transfer the requested amount to save your investment.
However, once done this way, it never works. The trickster vanishes leaving you with even more financial losses. Remember; authentic recovery firms won’t pressurise you with threats or deadlines.
Be careful when someone wants up-front payment for asset recovery services and makes huge promises–that’s probably a scam! Always ascertain the authenticity of any recovery service before taking action.
4. Video Calls and Transparency
Scammers avoid video calls as they don’t wish to let you see their face. They prefer remaining hidden behind text messages or images so as to maintain secret identities while continuing to con people.
To ensure your own safety, always insist on having a live video call. Meeting in person can allow the victim to determine if the other party involved is genuine or not. Simply looking at an image does not suffice because scammers can easily send fake photos. This makes it difficult for them to fool you through a live video call.
Typically, real and honest companies are more than happy to conduct video calls. This shows that they have nothing to hide and that their operations are transparent. They understand that openness about processes and identity helps in building customer trust.
So when choosing a company to work with go for one that is ready or willing to make a video call; this is usually an indication that the company is legitimate and wants really assist you.
5. Check Their Website and Credentials
Once there is a need for a dependable recovery company, it is important to look for one with a genuine website. There are scammers who will pretend as though they are legit but have different email addresses.
Therefore go to the website of the Recovery Company and look at how it appears. Some scammers may replicate real firms but change their domain names or produce poor-looking websites.
To tell whether a website is not a fraud check the contact details of the firm. For instance identify if there are such things as a physical address on a site, telephone numbers and even an email address.
Also verifying licences or IDs when talking through the phone would confirm whether they are real or not. Actually, every legitimate recovery company will be happy to provide some papers that can prove their authenticity.
So, feel free and ask for these details.
Bonus: Research the Company’s Reputation
It’s important to research the reputation of any recovery company before you decide to work with them. That means finding out about others’ opinions and their performance history.
Feedback from other persons who have engaged their services can be a helpful starting point. If many positive reviews are present, it means that the company has effectively helped others. Positive reviews imply trust in the organisation’s doings.
Also look for customers’ testimonials indicating how they managed to recover their funds with the help of this firm. It’s through other people’s real-life experiences that one will ascertain if what these companies claim is true.
But keep in mind that scammers can also make false reviews on review sites like Trustpilot to build false credibility. Fortunately, Trustpilot explains the many ways to spot a fake review, such as review timing, profile, response rate and more.
In addition, assess the track record of such firms. A good company will probably have helped many individuals over time find their stolen money back. This shows that they had done it before and were successful at it.
Conclusion - Let Us Help!
Researching the recovery company is the best way to avoid more trouble and also ensure your stolen funds returns to you safe and sound. Luckily, these pointers can help you find the company that’s right for getting your cash back.
If at all someone has scammed you then we are here to assist! CrypTrace AI, being a cyber intelligence company, fights against the changing world of online scams. What we stand for is simple: assisting victims of scams to get their money back.
Contact CrypTrace AI today if indeed you need assistance in recovering your stolen funds.
